How Do Commercial Transactions Work In The Mentor Program?
If a mentee is paired with a mentor that is prepared to assist on a commercial transaction, it MUST be approved by the state broker, and the closing may count towards the mentee’s graduation requirements. The mentee would need to reference this in their Skyslope transaction notes so the Transactions Team can close the transaction as a mentored deal and properly calculate the Mentor fees.
The eXp Residential Mentor Program does not offer any training curriculum in commercial real estate. The majority of the Certified Mentors in the Mentor Program have no experience in commercial transactions. Therefore, the Mentor Program does not hold expectations on the part of the mentors to offer guidance on commercial contracts. Commercial transactions are to be worked independently, outside of the Mentor Program, and do not usually count towards graduation for the mentee.
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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 ...
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 ...
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 ...
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 ...
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 ...