eXp World Holdings

Trusted
No reviews yet
Founded2009
HeadquartersBellingham, WA
Trust Score90/100
Views37

About eXp World Holdings

eXp World Holdings is a real estate MLM founded in 2009 and based in Bellingham, WA. They offer a unique business model where agents can earn income through sales and a tiered commission structure.

Distributors, or associates, benefit from retail profits, team commissions, and performance bonuses, but they need to meet monthly purchase requirements to earn full commissions. Despite a B+ rating from the BBB and a solid 4.5/5 on Trustpilot, there's a concentration of earnings among top earners.

With a trust score of 86/100, eXp World Holdings is seen as a low-risk MLM, but potential members should still consider the income disclosure before diving in.

Pros and Cons

✓ Pros

  • Strong reputation and reviews
    With a Trustpilot rating of 4.5/5 and a BBB rating of B+, eXp World Holdings has a solid reputation among its users.
  • Low risk level
    The risk level is rated low, meaning this isn’t seen as a high-stakes gamble compared to other MLMs.
  • Diverse income streams
    Their compensation plan includes several ways to earn money, such as retail profits and bonuses, which can appeal to different types of sellers.
  • Flexible working environment
    As a virtual brokerage, agents can work from anywhere, making it easier to balance work and life.
  • Rank and incentive structure
    The ranking system can motivate agents to push for higher earnings and recognition through incentives like trips and bonuses.

✗ Cons

  • High earner concentration
    The income disclosure shows that a small percentage of agents earn the majority of the income, which can be discouraging for newcomers.
  • Monthly purchase requirements
    Agents need to make monthly purchases to qualify for full commissions, which can eat into earnings if sales aren’t steady.
  • Potential for burnout
    The pressure to recruit and maintain a team can lead to burnout, especially for those who aren’t used to sales.
  • Real estate market dependence
    Success is tied to the real estate market; downturns could significantly impact income opportunities for agents.
  • Steep learning curve
    New agents may find the business model and technologies challenging to navigate without prior experience.
Verdict: eXp World Holdings offers a solid opportunity for motivated individuals looking to thrive in real estate with a flexible model. However, the income distribution and monthly requirements could be a hurdle for many newcomers.

Best for: This is ideal for self-starters who have some experience in sales and can handle the unpredictable nature of real estate. If you're looking for a guaranteed paycheck or dislike sales, this might not be for you.

Risk Analysis

eXp World Holdings has a generally low risk profile with a solid Trust Score. However, potential recruits should be aware of the income concentration among top earners and monthly purchase requirements for full commissions.

Key Concerns

  • High concentration of income among top earners moderate
    Income disclosure shows that a small percentage of members make the majority of the income.
  • Monthly purchase requirements for full commissions moderate
    Members must meet certain purchase criteria to qualify for full commissions.

Positive Indicators

  • Strong Trustpilot rating
    Trustpilot score of 4.5/5 indicates positive customer experiences.
  • BBB Rating of B+
    The Better Business Bureau rating suggests a relatively positive standing with consumers.
Consumer Advice: If you're considering joining eXp World Holdings, weigh the income potential against the realities of monthly purchase requirements and the income distribution. Make sure you’re comfortable with the idea that most earnings go to a small number of top earners.

Frequently Asked Questions About eXp World Holdings

Is eXp World Holdings a legitimate MLM company?

Yes, eXp World Holdings is a legitimate MLM company. They were founded in 2009 and are headquartered in Bellingham, WA. With a BBB rating of B+ and a Trust Score of 86/100, they have a solid reputation in the industry.

What products does eXp World Holdings sell?

eXp World Holdings primarily offers real estate services. They focus on providing a virtual brokerage platform for real estate agents, which means their 'products' are the services and tools for agents to conduct business effectively.

How much can you make with eXp World Holdings?

Earnings at eXp World Holdings can vary widely. Their income disclosure shows that top earners make significant money, but most earn much less. The compensation plan includes multiple income streams like retail profit, team commissions, and bonuses, but success often depends on your effort and network.

Are there any complaints about eXp World Holdings?

Some complaints about eXp World Holdings revolve around their income structure. A common concern is the concentration of earnings among top earners, which can make it hard for newcomers to achieve high earnings. Additionally, monthly purchase requirements for full commissions can be a hurdle for some.

What is the compensation plan of eXp World Holdings?

The eXp World Holdings compensation plan is a Stairstep Breakaway model. It includes various income streams like sponsor bonuses and leadership bonuses. You can rank up from Member to Presidential, with each level offering more earning potential.

What does it cost to join eXp World Holdings?

Joining eXp World Holdings typically requires a startup fee, which is around $149, along with monthly fees of about $85. These fees cover access to their virtual platform and other resources.

What is eXp World Holdings' BBB rating?

eXp World Holdings has a BBB rating of B+. This rating suggests that they have a generally positive track record, but it's always good to read customer reviews and feedback for a fuller picture.

How does eXp World Holdings compare to other MLM companies?

Compared to other MLM companies, eXp World Holdings stands out with its focus on real estate and virtual platforms. While some companies have high startup costs, eXp's fees are relatively low. However, the income potential can be less predictable than traditional sales jobs.

Compensation Plan

Plan Type

This is a stairstep breakaway plan. In plain English, that means you can earn money by selling products and by building a team. As you move up in rank by selling more and helping your team succeed, your earnings can increase.

How Earnings Work

  • Retail Profit: You buy products at a discount and sell them at retail price. The difference is your profit.
  • Sponsor Bonus: When you bring someone new into the business, you earn a bonus when they make their first sale.
  • Team Commission: You earn money based on the sales made by your team. The more successful your team is, the more you make.
  • Leadership Bonus: As you reach higher ranks, you can earn extra bonuses based on your team's performance.
  • Incentive Trip: If you hit certain sales or recruitment goals, you might qualify for free trips or other rewards.

Trust Score

90
/ 100
Low Risk
Flags & Notes
  • Income disclosure shows top earner concentration
  • Monthly purchase requirements apply for full commissions
  • High concentration of income among top earners
  • Monthly purchase requirements for full commissions

Track This Company

Get alerts when trust scores change, new reviews are posted, or risk warnings are issued.