The eXp Realty ICON Agent Award is aimed at attracting and incentivizing top agents into eXp Realty. The award provides each qualified “ICON” with up to sixteen thousand dollars ($16,000) in publicly traded eXp World Holdings common stock upon the achievement of certain production and attendance goals within an agent’s anniversary year. The Company’s cap is presently set at $16,000. ICONs effectively earn up to their entire cap amount back in the form of public company investment.
Cultural goal: Demonstrates company culture through giving back by: Teaching a class, serving on a panel or serving on a committee; and
- Cultural goal: Demonstrates a willingness to promote eXp Realty within their community.
- Production requirement: $16,000 paid in company cap plus capped status transactions in the same anniversary year resulting in capped status transaction fees of not less than $5,000, OR
- Production requirement: Annual gross commission income of $500,000 or more with a minimum of 10 closed transactions and payment of an “ICON Qualifying Fee” equal to $5,000 less capped transaction fees paid during the same anniversary year.
$12,000 in publicly traded eXp World Holdings common stock is awarded and vests after three years, and an additional $2,000 will be issued after verified attendance at each company event (The eXp Shareholder Summit and EXPCON) with no vesting period, for a possible total of $4,000.
ICON Program Details: