Exp Realty The company announced Friday that it has launched a new program, the Thrive Program, to attract more teams to agents in the U.S. and Canada.
Earlier this year, the company boost program,continue accelerate the programto encourage independent teams, brokers, and agents to join eXp Realty.
With this updated vesting schedule, new team leaders will receive non-cash stock compensation proportional to their production over the past 12 months, according to a news release.
“As a company that continues to push the boundaries in supporting our agents, eXp Realty is always looking for new ways to improve the agent experience,” Michael Valdes, eXp Realty’s chief growth officer, said in a statement.
“With the addition of Thrive, we are providing accelerated equity opportunities for our teams. We understand that each team has a unique culture and way of doing business, and we are We want to give them a platform to succeed in the environment.”
Teams with 11 or more agents, including a team leader, and teams with annual revenue of $40 million or more are eligible for the program.
The brokerage plans to launch the program in international markets where applicable, but eligibility has not yet been announced.
With the new incentive program, eXp hopes to foster an ecosystem where diverse teams can be culturally aligned with eXp’s values, according to the release. The selected team leader is expected to provide important training to agents to effectively integrate them into his eXp family.
eXp will announce its third quarter financial results on November 2nd.
