When comparing LPT Realty and eXp Realty, two prominent cloud-based brokerages, real estate agents often weigh factors such as revenue share, costs, flexibility, and company culture. While both offer a modern, office-free structure that promotes flexibility, their differences lie in the details.
For instance, LPT Realty provides a higher commission split with low monthly fees, while eXp Realty is lauded for its emphasis on work-life balance.
Additionally, REAL Broker surpasses both by offering up to 60% revenue share, compared to the 50% offered by eXp and LPT Realty. This blog delves deeper into these distinctions to help agents make an informed decision.
Business Model
LPT Realty
Comparing LPT Realty vs eXp Realty, the latter was a clear winner based more specifically on the agent-friendly policy. They stress offering services and products that include flexibility and marketing support to agents in every process. For instance, their Listing Power Tools enhance property marketing exposure to reach the maximum audiences.
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Case Study: A newcomer and an agent, Sarah, has signed up with LPT Realty as a real estate salesperson. Using the Listing Power Tools, she generated personal advertisements such as flyers and brochures. It took her only half a month to sell her first stock.
This model meets the needs of agents who seek a traditional yet efficient model.
eXp Realty
For LPT Realty vs eXp Realty, the eXp Realty outperforms here through its flexible cloud-based business model. There are no actual offices as the eXp World brings agents together online.
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Case Study: John is one of the many agents from eXp Realty who joined during the pandemic; he is also good at technology. Utilizing eXp World’s conferencing, he took virtual training, conducted three closings in the first quarter, and didn’t even enter an office. This form of market entry strategy is suitable for professionals intending to achieve large-scale production to minimize the cost of overheads.
Compensation Structure
LPT Realty
The remuneration policies in the LPT Realty vs eXp Realty are different to a certain extent. According to the LPT Realty commission structure, few charges are taken, which are easily understandable and let the agents control their profit.
Example: For instance, a new agent, Lisa, found a positive aspect of LPT Realty: the flexible commission structure. As a result, she got to Keep 90% of her first-year earnings.
New agents are likely to benefit from this kind of structure with low barriers to entry.
eXp Realty
On the other hand, eXp Realty currently has a commission split model with a touch of revenue share and stock. They tend to differ in this LPT Realty vs eXp Realty comparison because of this unique model.
Example: Former professional boxer Mark attended eXp Realty because of stock rewards, and he is an agent. He also bought over 25000 worth of company stock over the period, in addition to commission income. It allows agents to earn through various activities and is perfect for those planning for the distant financial future.
Technology and Tools
LPT Realty
One of the significant developments in LPT Realty compared to eXp Realty is that the former delivers more technological resources. LPT Realty has tools and tricks that make marketing and generating leads easier.
About the Listing Power Tools at LPT Realty
Their unique selling point, the Listing Power Tools, enables the agents to develop professional, personalized promotional materials.
Case Study: Agent Emma relied on Listing Power Tools, which helped her redesign marketing techniques. Thus, the number of clients increased by 30% in three months. This was more advantageous to LPT Realty than eXp Realty, indicating that the latter isn’t as much of a contender for the LPT Realty vs eXp Realty battle.
eXp Realty
Once again, eXp Realty outperforms the LPT Realty vs eXp Realty analysis regarding the company’s technological framework.
eXp World
Many agents contribute in a coordinated way to the virtual environment of eXp World, eliminating costs and enhancing efficiency.
kvCORE
This all-encompassing solution guarantees that agents handle leads properly.
Example: An agent at eXp Realty used kvCORE for follow-up emails, which increased conversions by 20 percent.
SkySlope
Transaction management is streamlined, making compliance easy when using SkySlope as an eXp real estate agent.
Training and Support
eXp Realty
Regarding training, most LPT Realty vs eXp Realty comparisons focus on eXp Realty rich programs.
eXp University
The training courses at eXp University include basic and advanced training courses for fresh and experienced agents.
Example: Maria recently joined the agency and decided that the advanced marketing strategies course at eXp University would be helpful; within six months, she sold over $100,000.
Leadership Development Programs
Leadership developments, too, are supported by eXp Realty, where the agents working here can enjoy career advancement programs.
Cost Considerations
LPT Realty
Each discussed comparative advantage turns into a factor that may become a subject of debate between cost-sensitive agents. At the same time, LPT Realty has specific merits in being cheaper than eXp Realty. Onboarding fees are relatively small, and the ongoing costs that an organization would incur when implementing SAP are negligible for the most part.
Example: Part-time agent James said he had joined LPT Realty because of its low monthly commissions, which enabled him to build his career without stress.
eXp Realty
In contrast, the proposition of eXp Realty is of a higher quality. Though there is a monthly fee and cap, essential tools such as kvCORE and SkySlope are provided to the agents, making them invaluable.
LPT Realty vs eXp Realty – Which Should You Choose?
- Choosing between LPT Realty vs eXp Realty can be equally challenging because priorities drive your choice.
- For a straightforward solution, go with LPT Realty
- Choose eXp Realty if you appreciate tools that help people work remotely and collaborate electronically.
For instance, if you love companies cut out for operational in classic structures, then LPT Realty has what you want. On the other hand, if qualities such as flexibility and the ability to scale up are the key determinants you are looking for, eXp Realty is most suited for it.
What is LPT Realty known for?
The peculiarities of the LPT tools are the compensation model’s simplicity and clarity.
What makes eXp Realty unique?
Two unique features are worth mentioning at eXp Realty. Firstly, the company has no physical offices and is almost entirely cloud-based.
Which brokerage has better technology?
While eXp Realty Leap Ahead with advanced tools such as KV core, LPT Realty offers the industry’s best marketing support.
What is not like concerning compensation?
LPT Realty tries to keep things manageable, while eXp Realty has the availability of stocks and revenue-sharing types.
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Conclusion
Choosing the right brokerage between LPT Realty vs eXp Realty is one of the best questions you can ever ask yourself. However, how it operates, its technology, and how it compensates its employees are critical in picking who best suits your needs. At Rozi Academy, we are always with you to help you in every process. Check out our resources today to help you kick-start a rewarding career in the real estate industry.
