You’ve probably decided you want to join eXp and you’re wondering what the big deal is about signing a sponsor. Good! You must understand what an eXp Sponsor is or you could miss out on a tremendous opportunity. In this post, I’ll teach you everything you need to know about eXp Sponsors.

What is an eXp sponsor?

According to eXp Realty, an eXp Sponsor is the individual who made the largest impact on you joining eXp Realty. That person is compensated a small amount through eXp’s revenue share program for your success as a real estate agent.

Why is choosing the right sponsor important?

Imagine going to 2 different, incredibly busy realtors who make high incomes and asking them to help you. They probably have a family and kids at home they would rather spend time with than help some random eXp Agent.

But if you list someone as your sponsor, that agent gets paid a small fraction of your commission split. Therefore it’s in their best interest for you do well. I think you should choose someone you WANT advice or coaching from.

Some sponsors do absolutely nothing for their agents, while others strive to help their agents! It’s important to select someone that you think will provide value to your real estate business.

Another cool part about the sponsor program: Some will get extremely burnt out after building a team or a brokerage, that they no longer want to manage it all anymore.

Most still love everyone within their team or brokerage and want to keep the community. In comes eXp’s sponsorship program… It allows them to keep everything they love about our community and get rid of what was driving them bonkers. Fortunately, you can now get to help other agents avoid the mistakes we all make and help them build incredible businesses!

The Leadership of Your Potential Sponsor

There are a few people in eXp who only recruit agents. They have given the company a stigma that all eXp Realty agents are aggressive with agent attraction. Unfortunately, those people probably haven’t done anything that you want to do… Unless you want to be known as an icky recruiter.

I think the best eXp Realty sponsors are those who have done whatever you want to do in your business. They have a roadmap and can help you from veering off the path and getting stuck.

Whether it’s building a team, a referral business, or a specific lead-generation tactic, your sponsor should be able to guide you to success.

Other Benefits

The other benefits a potential sponsor can provide are ENDLESS. If your sponsor has become a cold call machine, chances are they will offer you all of their systems and scripts so you can crush cold calling too!

Here is a big list of possible benefits your sponsor might offer: Training on how to lead gen, referral tracking systems, email templates for all types of leads in any different stage, scripts, contract-to-close checklists, training on how to hire a VA, training on how to hire a transaction coordinator or listing coordinator, listing coordinator checklists, coaching on everything from lead generation to hiring… The possibilities are endless.

I give EVERYTHING I’ve made and learned in my real estate business to my people. There’s nothing I love more than seeing people succeed.

Want to join a movement of real estate agents who are building REAL business and creating REAL wealth alongside their peers? 

Click here and find out how!

eXp Sponsorship FAQs

Below is a list of questions people frequently ask about eXp’s sponsorship program.

Can I change my eXp Sponsor?

No, you cannot change your eXp sponsor but, if you leave eXp for 6 months and 1 day, when you rejoin you can rename a different sponsor.

Can I sponsor an agent when I’m joining?

Yes, you can sponsor an agent to eXp during and before you join eXp yourself.

What’s the difference between a sponsor and a mentor at eXp Realty?

The difference between a sponsor and a mentor is that eXp mentors are temporary. They are only required for your first 3-6 transactions if you qualify for the program.

Should I name a sponsor at eXp?

Yes, you should name a sponsor at eXp. If you don’t, you could miss out on a ton of free value. There is no advantage to joining eXp without a sponsor.

Do eXp sponsors get paid?

Yes, eXp sponsors get paid a very small amount from eXp. Glen Sanford, the founder of eXp Realty wanted agents to be compensated even when the company was struggling.
In 2008, when the real estate market halted, Glen Sanford hardly made any money from Keller Williams Profit Share.

Are there rules for eXp sponsorship?

Here is an excerpt from eXp Realty’s independent contractor agreement:
“Selecting a sponsor is an important decision and should be based on who has been most influential in your decision to join eXp Realty. Sponsor selection is part of this legally binding Agreement. A sponsor’s sole requirement to qualify as a sponsor is selection by the joining agent as having been the most influential person in his or her decision to join eXp Realty. Sponsors are encouraged to support joining agents throughout the joining process and beyond, but are not required by eXp Realty to do so. If the selected sponsor has made representations or promises above and beyond referring a joining agent to eXp Realty, it is the sole responsibility of the joining agent to confirm the sponsor’s ability and intent to deliver all additional support promised.
eXp Realty is not responsible for enforcing agreements between agents made outside of this ICA. If an agent removes his or her license from eXp Realty, terminates this ICA, and rejoins eXp Realty within 180 days from the date the agent’s license disassociated from eXp Realty, the previously named sponsor will continue to be named as that agent’s sponsor. However, after 180 days from the date agent’s license was disassociated from eXp Realty, the agent is free to rejoin eXp Realty and select a different sponsor.
If there is no individual who most influenced you to join eXp Realty, or you prefer not to select a sponsor for any reason, eXp Realty may be selected as the sponsor and will hold that position going forward. THE FOLLOWING IS A SIGNIFICANT DECISION WHICH IS IRREVOCABLE. PLEASE PAUSE TO CONSIDER CAREFULLY WHO THE MOST INFLUENTIAL INDIVIDUAL IN YOUR DECISION TO JOIN EXP REALTY WAS. CHANGES IN SPONSORSHIP WILL NOT BE MADE. IF THERE ARE ANY UNANSWERED QUESTIONS ABOUT SPONSORSHIP, STOP NOW AND RETURN TO THE ICA ONCE THE SELECTION OF SPONSORSHIP IS FULLY UNDERSTOOD.”

If I’ve already capped at my current brokerage, will eXp Realty honor that?

Yes, eXp Realty can and usually honors a cap at your current brokerage. eXp Realty’s cap deferment program is great for people who are coming from traditional brokerages like Keller Williams.

Final Thoughts on eXp Realty’s Sponsorship Program

As you can see, a sponsor at eXp Realty could change the trajectory of your real estate career. You should join a new community of people who are crushing it and learn about innovations in the real estate industry as they are happening. Find out how by clicking here!