Can The Mentor Fee Or Number Of Mentored Transactions Required Be Negotiated?
The mentor fee CANNOT be negotiated under any circumstance. Agents may not negotiate, barter services, or give gifts in order to waive the fees. To qualify, all required transactions must be completed in the licensed primary state with eXp. The mentee cannot select the transactions on which the Mentor Program 20% fee is paid.
The number of transactions to close CANNOT be negotiated by the mentee and/or mentor. Should a mentor deem that a mentee is ready to be an independent agent before they meet the transaction requirements to graduate, they are welcome to contact the State Broker Team to make a request to graduate the mentee early from the Program. Should the State Broker Team approve, the Mentor Program staff will graduate the mentee from the Program early and compensation commitments to the mentor will end on any transactions going forward from the date approval is received.
Should a mentor deem that the mentee might not be ready to graduate after their required transactions have closed, the mentor should then contact the State Broker Team directly to request an extension of the Program requirement for this mentee. The decision to extend for one/multiple transactions is made by the State Broker Team.
Related Articles
What is a Certified Mentor?
A Certified Mentor is someone who has a passion for the field of real estate and for helping other agents. Mentors must apply and complete eXp Realty’s Mentor Certification Process, making a commitment to help new agents acquire the fundamental ...
Who Is A Mentee And What Are The Requirements?
The Mentor Program provides newly licensed agents a learning platform where you will gain the fundamental knowledge required to start and build a successful real estate career. Each mentee is paired with a certified eXp Realty mentor who is a member ...
My Mentee Is Ready To Graduate - What's Next?
Mentee Graduation Once a mentee has met all graduation requirements and their required transactions have closed, they will be flagged for graduation review. There is no action required from the mentee/mentor to trigger this review, however, if you ...
Can I Change My Mentor?
There are various reasons a mentee might have the need to change mentors. 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 ...
What Is The Mentor Program?
The Mentor Program provides newly licensed agents with a partner and a path to gain the fundamental knowledge needed to start and build a successful real estate career. Each new agent, known as the mentee, is paired with an experienced agent who has ...