New England-based independent brokerage Bean Group has actually made the leap to eXp Real estate. It is the very first brokerage to sign up with eXp Real estate through Increase, eXp’s freshly launched brokerage reward program
Released in June, the Increase program provides a streamlined reward design. Upon signing up with eXp Real estate, brand-new brokerages can instantly recognize the advantages of the collaboration, that include stock equity, removal of overhead expenses, lessened brokerage threat and liability, access to brokerage assistance and operations, representative assistance and services, earnings share chances, and more.
It is open to any independent groups and brokerages that are “culturally lined up” with eXp Real estate, have more than 50 representatives and a minimum of $100 million (US/CAN) in sales volume in the coming from nation over the previous 12-month financial duration, the brokerage stated.
” The eXp platform was constructed to assist representatives and groups prosper and flourish, and with Increase we are collaborating with independent groups and brokerages that share our worths, culture and development objectives,” stated Michael Valdes, eXp Real estate Chief Development Officer.
Bean Group, which had actually been associated with LeadingRE, is among the leading brokerages in Northern New England Established by Michael Bean in 2003, it boasts a lineup of leading realty experts throughout Maine, Massachusetts, New Hampshire and Vermont and has a yearly sales volume in excess of $1.5 billion.
According to the most current RealTrends 500 brokerage ranking, Bean Group tallied $1.78 billion in sales volume in 2022 throughout 4,016 deal sides. It ranked as the 184th biggest brokerage in America in 2015. The group has 24 workplaces throughout New England.
The combined market share of Bean Group and eXp Real estate puts eXp as No. 3 by market share in New Hampshire and No. 2 in Maine, up from No. 5 and No. 3, respectively.
” By signing up with eXp Real estate, we get the very best of both worlds,” stated Bean Group CEO Michael Bean. “We can keep our store culture, brand name and heritage while including the unrivaled scale and resources of eXp Real estate. Its agent-centric culture and advantages line up carefully with ours, and with this shift, we will provide on our objective to assist our representatives and groups construct effective realty professions.”