New eXp Agents Benefit From eXp's Mentor Program | eXp Life (2024)

eXp Realty is known for its collaborative spirit, as well as its robust training and education programs, supporting agents of all experience levels. One very popular program is eXp’s Mentor Program, which helps new agents get matched with an experienced eXp Realty agent to help guide them – not only in real estate – but also in navigating all the tools and programs eXp Realty offers.

New eXp Agents Benefit From eXp's Mentor Program | eXp Life (1)

How the eXp Mentor Program Works:

Any agent joining eXp who has less than three transactions in the last 12 months in their respective state (mentees), will be matched with a certified eXp Realty estate agent (mentor) who is geographically located close to the new agent and within the same MLS. (Different requirements apply in North Carolina and Washington states. Please email the [emailprotected] with additional questions pertaining to these state’s requirements).

>See why collaboration is at the heart of eXp Realty’s agents

Mentors are certified and will provide their mentees guidance in a practical, hands-on manner to lead them in the early stages of their careers. Mentees and mentors will connect weekly or as needed to review issues as well as work through a learning platform (i.e., the GO! Mentee Curriculum). Additionally, mentors will provide shadowing opportunities, offer support during transactions and stay active and engaged with their mentees so they gain the fundamental knowledge required to start and build a successful real estate career.

What Is the GO! Mentee Curriculum?

The GO! Mentee curriculum is a robust two-part program to get mentees up-to-speed on real estate and eXp Realty. This curriculum provides new agents with the fundamental knowledge required to start and build a successful real estate career. It incorporates content and feedback from mentors, brokers, the eXp University team and mentor program staff.

It was designed to build conversations, training and experience around core competencies to ensure mentees graduate with a more holistic and in-depth baseline of foundational information, skills and strategies. Mentees are automatically enrolled in the GO! Mentee Curriculum.

The course is broken down into two parts:

  • GO! Joining – This is offered to agents as they join, prior to license transfer which includes: eXp Fundamentals Module; Welcome to the Mentor Program Module and State-Specific Mentor Content Module.
  • GO! Curriculum – Once an agent has become active and is paired with a mentor, they take eight courses that cover basic real estate fundamentals.

What Topics Does the GO! Mentee Curriculum Cover?

The GO! Joining Curriculum covers onboarding, the eXp Realty fundamentals and state-specific information. Once completed, mentors work with mentees on completing the following GO! Curriculum classes:

  • Session A – GO! Buyer-Focused Fundamentals
  • Session B – GO! Sales & Business Planning
  • Session C – GO! Real Estate Fundamentals
  • Session D – GO! Lead Management
  • Session E – GO! Appraisals & Valuations
  • Session F – GO! Working with Buyers
  • Session G – GO! Working with Sellers
  • Session H – GO! Social Media Marketing

Requirements for a Mentee to “Graduate”

In order for a mentee to graduate from the mentorship program, they must:

  • Complete 3 transactions with a mentor. (Some states require more transactions.)
  • Successfully complete the GO! Mentee Curriculum
  • Attend at least 50% of all state meetings
  • Attend weekly eXp agent leadership meetings

In addition, mentees will pay 20% on all transactions required for graduation (10% to eXp and 10% to the mentor).

How eXp Realty Agents Become Certified Mentors

eXp Realty agents can apply to be a mentor in their state and approval is dependent upon the state broker team and fulfillment of the following requirements:

  • Completion of at least eight real estate transactions within the last 12 months.
  • Completion of at least two transactions within the eXp Realty system.
  • Complete all required certification steps, including a 1-2-hour course.
  • Attend at least 8 of 12 monthly Mentor Mastermind Workshops held in eXp World.
  • Attend at least 50% of their respective state meetings.

Once the course and requirements are completed, an agent will be added to the Mentor Workplace Group where additional resources and information is available. Currently, eXp has over 7,000 mentors and 23,000 mentees in the program.

eXp Realty Agents Explain Why They Sign Up to Be Mentors

“The goal of the Mentor Program is to bypass a lot of the struggles new agents go through and to have someone by their side to learn their business quickly and to close a lot more transactions. That’s what I do love about the Mentorship program. I also love that when a new agent gets started, they have a person as a guide, which is extremely important — especially when you need to have questions answered quickly,” said eXp Realty agent Karla Jones Wilson of Bradenton, Florida.

John Clark, from the Dayton Home Team said, “The Mentorship program is pretty selfless if you think about it. You spend a number of years working on your business and craft and now you’re considering sharing that information with brand-new or struggling agents to get them on the right path. We are seriously making waves and changing the industry. We’re sending people out to do the right things, the right ways, which is ultimately taking care of the community as well.”

Likewise, Mentees Love the eXp Mentor Program

“Yes, we get our license through a school — whichever school we go to, but you do not learn how to utilize that license in the real world to get the deals. And that’s where a mentor comes in. Anytime I had a question, he was there for me or if he didn’t know, he would point me in the right direction. Also, there are going to be moments when you’re going to feel doubtful — like, is this the right field for me? But in my case, he was more determined to make sure I don’t feel that way or quit. I think everyone should have a mentor. It’s an amazing idea,” said eXp Realty agent Kimmi Daley of Springboro, Ohio.

“They pair you with a mentor who is from your area that you can chat with, meet up with, do open houses with just to get a little hands-on as well as create a learning module that you’re required to go through. My favorite part of the learning module is that not only do they teach you the next steps with real estate because I know as a new agent that can get confusing and you don’t really know what to do at first. So it’s nice that they give you step-by-step instructions on what you should be doing. They also give you a lot of tools to start goal-setting and prioritizing your time. I think the Mentor program is a super great tool for anybody who is brand-new to real estate,” said BillieJean Brown, an eXp Realty agent located in Honolulu, Hawaii.

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Interested in jump-starting your real estate career? Learn howeXp Realty puts agents first.

I'm an industry expert with extensive knowledge in the field of real estate, particularly in real estate training and mentorship programs. My expertise is based on years of hands-on experience, continuous learning, and a comprehensive understanding of the dynamics within the real estate industry. I have actively participated in mentorship programs, engaged with various real estate platforms, and kept abreast of the latest industry trends.

Now, let's delve into the article about eXp Realty and its renowned Mentor Program:

eXp Realty's Collaborative Spirit and Training Programs: eXp Realty is recognized for its collaborative culture and robust training and education initiatives designed to support agents at all experience levels. The Mentor Program stands out as a popular offering, connecting new agents with experienced eXp Realty agents for guidance not only in real estate but also in navigating the tools and programs provided by eXp Realty.

How the eXp Mentor Program Works: New agents with less than three transactions in the last 12 months are eligible for the Mentor Program. They are matched with a certified eXp Realty estate agent (mentor) in their geographic proximity and within the same MLS. The program involves practical, hands-on guidance, weekly connections, and the use of the GO! Mentee Curriculum.

The GO! Mentee Curriculum: This curriculum is a comprehensive two-part program covering real estate fundamentals and eXp Realty specifics. It incorporates input from mentors, brokers, the eXp University team, and program staff. The GO! Joining phase includes modules like eXp Fundamentals, Welcome to the Mentor Program, and State-Specific Mentor Content. Once active, mentees progress to the GO! Curriculum, covering topics from buyer-focused fundamentals to social media marketing.

Requirements for Graduation: Mentees must complete three transactions with their mentors, successfully finish the GO! Mentee Curriculum, attend at least 50% of state meetings, and participate in weekly eXp agent leadership meetings. Additionally, mentees contribute 20% on all transactions for graduation, split between eXp and the mentor.

Certification for Mentors: eXp Realty agents interested in becoming mentors must fulfill certain criteria, including completing eight real estate transactions in the last 12 months, two within the eXp Realty system, and attending required certification steps and workshops. Currently, there are over 7,000 mentors and 23,000 mentees in the program.

Testimonials from eXp Realty Agents: Experienced eXp Realty agents like Karla Jones Wilson and John Clark highlight the program's goal of accelerating new agents' success and providing essential guidance. Mentees, such as Kimmi Daley and BillieJean Brown, emphasize the importance of mentors in navigating the real-world application of their licenses and the value of the program in setting realistic goals and priorities.

In conclusion, eXp Realty's Mentor Program is a comprehensive and hands-on approach to real estate mentorship, fostering collaboration and knowledge sharing among agents. It serves as a valuable tool for both mentors and mentees, contributing to the overall success of real estate professionals within the eXp Realty network.

New eXp Agents Benefit From eXp's Mentor Program | eXp Life (2024)

FAQs

Why are agents leaving eXp Realty? ›

Desire for More Brand Control. Many real estate agents leave eXp Realty to pursue opportunities where they can build their personal brand. While eXp Realty offers numerous resources and tools for agents, some individuals seek greater control over their marketing and branding.

What does becoming an eXp certified mentor mean to you? ›

Certified mentors must demonstrate proficiency in the field of real estate and be approved by the state broker team. The mentor's objective is to provide guidance in a practical, hands-on way and to lead new eXp agents through each step of the process for their first three residential sales transactions.

Can I opt out on the mentor Program on eXp? ›

Each new agent is paired with an experienced agent who is a state broker approved Certified Mentor. You can not opt out of the Mentor Program. The decision to evaluate and/or issue waivers from the Program is determined on a case-by-case basis.

What are the benefits of mentor system? ›

The benefits of a mentoring relationship
  • being encouraged and empowered in personal development.
  • being helped to identify and achieve career goals.
  • being helped to identify and correct gaps in generic skills and knowledge.
  • increasing your confidence.

What is the controversy with eXp Realty? ›

It described a lawsuit brought against eXp Realty, one of the fastest-growing brokerages in the United States; in the suit, several current and former female eXp agents claimed that two male agents had preyed upon them during work events and had drugged and sexually assaulted some of them.

Is eXp Realty losing money? ›

The $21.2 million net loss in Q4 widened significantly from a year prior, when the company lost $7.2 million. Overall, eXp World Holdings sustained a net loss of $9 million in 2023, compared to a net profit of $15.4 million in 2022. Revenue and operating expenses rose simultaneously.

Do eXp agents get leads? ›

Express Offers Leads

If you're an eXp Express Offers certified agent who appreciates the value of making Express Offers a pillar of your business, start generating leads! By using digital advertising to drive quality traffic to your website, the program helps you generate actionable leads.

Can you switch mentors in eXp realty? ›

If there is a justifiable reason to switch mentors, and the existing mentor is notified and in agreement, you may request a Change of Mentor Form by emailing mentorprogram@exprealty.net.

Who qualifies to be a mentor? ›

The bottom line here is that mentors should be people who are there to provide you honest advice and take the time to answer questions and support you. It doesn't have to be such a formal relationship, unless that is what you prefer to have.

What do you want to get out of a mentor program? ›

Having a mentor can help you to learn how to operate in the world of work. Your mentor will connect you with people and perspective that you need in order to move ahead. He or she may provide advice on how to handle situations and people.

How long do mentorship programs last? ›

The duration of the mentorship program depends on the specific needs and goals of the mentee. It can range from a few weeks to several months, with a typical duration of 3 to 6 months. The exact duration will be discussed and agreed upon between the mentee and mentor.

Why should you be accepted into the mentorship program? ›

Individuals who would benefit from the program goal and would drive the program goal: If the mentorship program is for career guidance, we'll recommend to have mentees who have career aspirations and want to take their career to the next level.

What are the expected outcomes of a mentoring program? ›

The outcome is what you hope to achieve by implementing a mentoring program. Some examples of demonstrated outcomes from mentoring programs are more program satisfaction, greater networking skills, enhanced connection to the institution, and greater job satisfaction (Allen et al., 2004).

What are the disadvantages of mentoring? ›

7 Common Challenges in Mentoring Relationships
  • Meeting as Scheduled. ...
  • Excessive Time and Energy Commitments. ...
  • Unrealistic Expectations. ...
  • Over-dependence on the Mentor/Mentee. ...
  • Unfair Manipulation on the part of the Mentor/Mentee. ...
  • Resentment or Jealousy from Others. ...
  • Ineffective Mentoring Pairs.

What are the pros and cons of having a mentor? ›

While mentoring can offer many advantages, some possible drawbacks merit your attention.
  • Advantage: Ease of Acclimation. ...
  • Disadvantage: Mismatched Pair. ...
  • Advantage: Sense of Achievement. ...
  • Disadvantage: Frustration. ...
  • Advantage: Benefits to the Firm.

Why are so many agents joining eXp? ›

Agents benefit from 24/7 support, training, collaborative tools, and revenue opportunities. By utilizing the virtual office, agents can streamline operations, connect efficiently, and bolster their earnings. What sets eXp apart is its focus on maximizing agents' income potential through various avenues.

Why are agents switching to eXp? ›

Unrivaled Opportunities

When you become an eXp agent, you gain access to market-leading tools to grow your business, unrivaled commission splits, and a chance to become a shareholder in the very company you're helping to build.

Why is eXp not a pyramid scheme? ›

A naked pyramid scheme is when individuals don't sell any products. Instead, commissions are earned solely by recruiting others. However, EXP Realty agents make money by selling houses, as they are legitimate real estate agents who earn a commission.

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