I'm not clear on the compensation model when working with ExpressOffers. Who Pays ME?
The iBuyer does NOT pay us in the initial transaction from Seller to iBuyer!
Any compensation earned in an ExpressOffers transaction will be from the Seller via listing agreement between eXp Realty and the Seller or via the co-op commission offered in the MLS.
If you represent the seller, and it is your listing, you will get paid whatever compensation the seller has agreed to on the listing agreement for the
listing side of the transaction only. Be very familiar with the Disclosure to Sellers document. If you are submitting a property that is listed in the MLS, you will get paid whatever co-op commission is offered in the MLS like any other buyer transaction.
For a Fix & Flip iBuyer: the iBuyer may choose to re-list the property with you AFTER the rehab. If the Buy Box indicates that they will re-list with you, the iBuyer will pay 1.5% to the listing side (you). 2.5% will be the co-op you can offer for a total of 4% paid by the iBuyer to eXp Realty.
Colorado ExpressOffers Procedures
Jes and I created a video to explain why we have to do the procedure this way. Watch it here. Situation 1: You found an off market property that would be a candidate for the ExpressOffers program: Check to ensure the property completely fits a Buy ...
What is ExpressOffers?
ExpressOffers What is it? ExpressOffers is our proprietary iBuying software platform that connects eXp Agents to our marketplace of Institutional Investors (iBuyers). You identify properties for the investors using their Buy Box criteria and receive ...
Texas State ExpressOffers Procedures
Situation 1: Do you have this property already under a Listing Agreement? YES: STOP. Reach out to your Managing Broker. All ExpressOffers MUST represent the iBuyer, Intermediary may not be used. Listing Agreement will need to be terminated. NO: ...
Louisiana ExpressOffers Procedures
When you do a listing presentation with a seller and believe the house might be a prospect for an iBuyer, you will complete a normal listing agreement with the seller along with all documents required. You will then write an addendum to the listing ...
Can I submit a HUD foreclosure to ExpressOffers?
Yes, however, when looking at HUD deals, pay attention to the offer restrictions of the other listing or on the HUD foreclosure website. Typically, the first 7 to 21 days are reserved for owner occupied offers ONLY. Investor offers will only be ...