Brokerage comparison

Real Brokerage vs. eXp Realty

Real and eXp are the closest structural comparison on this site: both are cloud-based brokerages operating without a required physical office, and both publish national economics. The differences are in the specific numbers each company publishes and in how support, teams and enterprise structures are organized.

Last reviewed August 11, 2026. Third-party brokerage names and marks are the property of their respective owners. They are used here only for identification and comparison. No endorsement, sponsorship or affiliation is implied or claimed.

Read this comparison as

01 — The quick read

What actually differs

Both operate as cloud-based brokerages without a required physical office.
Each company publishes its own national economic structure; the published numbers differ.
Support at both is assembled from platform, team and sponsor rather than a local franchise office.

Overhead view of an open planner, pens, a laptop and a cup of coffee on a desk.

Read this part slowly

Most people compare one number and move on. The comparison that matters is what the whole structure leaves you holding at the end of a year — and what it leaves you holding when you stop producing.

02 — Side by side

The whole operating model, row by row

Where a term is set locally by an office, franchise or individual agreement, this table says so instead of inventing a national figure.

Operating-model comparison: Real Brokerage and eXp Realty
Category	Real Brokerage	eXp Realty
Operating structure	A single national cloud-based brokerage across the United States and Canada. Team and private-label structures are described in Real's official filings.	A cloud-based brokerage operating without traditional physical offices, described in eXp World Holdings' official investor materials.
Commission / economic structure	Agents typically receive 85% of gross commission income; Real retains 15% until the agent reaches the annual cap (2025 Annual Report, p. 53).	eXp's official income page states, generally, an 80/20 split until the annual cap. Exceptions may apply.
Cap structure	An annual cap applies. Real's 2024 investor presentation published a $12,000 individual-agent cap — confirm the current schedule. After the cap, the agent retains 100% net of a fixed per-transaction fee.	eXp's official income page states a $16,000 annual cap, generally. Exceptions may apply.
Recurring fixed costs	Confirm the current published fee schedule directly with Real. RGC does not restate amounts that can change.	eXp publishes a $149 startup fee and an $85 per-month cloud brokerage fee. Exceptions may apply.
Transaction costs	A fixed per-transaction fee applies after the cap (2025 Annual Report, p. 53). Confirm current amounts in official materials.	eXp publishes a $25 broker review fee and a $60 risk management fee per transaction. Exceptions may apply.
Brand control	Agents and teams generally operate under their own brand and marketing identity, within brokerage compliance requirements.	Agents and teams generally market under their own identity within brokerage compliance requirements. Confirm current marketing rules.
Technology and workflow	One national cloud platform; no physical office requirement. Confirm current tools in official materials.	A national cloud platform with virtual collaboration environments described in eXp's official investor materials.
Coaching and support model	Support comes through the platform plus the team, sponsor and network an agent chooses — not a franchised local office.	Assembled through the platform, the agent's team and the agent's sponsor rather than a local franchised office.
Ownership / equity opportunity	Real's official filings describe agent equity programs. Review current official terms and eligibility before assuming anything.	eXp's official materials describe agent equity programs. Review current official terms and eligibility.
Recurring-income mechanism	Real's official materials describe an agent revenue-share program tied to attraction. Terms and eligibility are governed by current official documents.	eXp's official materials describe an agent revenue-share program. Terms and eligibility are governed by current official documents.
Multi-market expansion	One brokerage affiliation across the states and provinces where Real is licensed, so expansion generally does not require changing brokerages.	A single brokerage affiliation across licensed markets, so expansion generally does not require changing brokerages.
Enterprise / exit optionality	Official filings describe team and private-label structures used by larger organizations; evaluate them against your own governance and continuity plan.	Team and organizational structures exist at both companies; compare the written terms rather than the marketing framing.

Operating structure

Real Brokerage: A single national cloud-based brokerage across the United States and Canada. Team and private-label structures are described in Real's official filings.
eXp Realty: A cloud-based brokerage operating without traditional physical offices, described in eXp World Holdings' official investor materials.

Commission / economic structure

Real Brokerage: Agents typically receive 85% of gross commission income; Real retains 15% until the agent reaches the annual cap (2025 Annual Report, p. 53).
eXp Realty: eXp's official income page states, generally, an 80/20 split until the annual cap. Exceptions may apply.

Cap structure

Real Brokerage: An annual cap applies. Real's 2024 investor presentation published a $12,000 individual-agent cap — confirm the current schedule. After the cap, the agent retains 100% net of a fixed per-transaction fee.
eXp Realty: eXp's official income page states a $16,000 annual cap, generally. Exceptions may apply.

Recurring fixed costs

Real Brokerage: Confirm the current published fee schedule directly with Real. RGC does not restate amounts that can change.
eXp Realty: eXp publishes a $149 startup fee and an $85 per-month cloud brokerage fee. Exceptions may apply.

Transaction costs

Real Brokerage: A fixed per-transaction fee applies after the cap (2025 Annual Report, p. 53). Confirm current amounts in official materials.
eXp Realty: eXp publishes a $25 broker review fee and a $60 risk management fee per transaction. Exceptions may apply.

Brand control

Real Brokerage: Agents and teams generally operate under their own brand and marketing identity, within brokerage compliance requirements.
eXp Realty: Agents and teams generally market under their own identity within brokerage compliance requirements. Confirm current marketing rules.

Technology and workflow

Real Brokerage: One national cloud platform; no physical office requirement. Confirm current tools in official materials.
eXp Realty: A national cloud platform with virtual collaboration environments described in eXp's official investor materials.

Coaching and support model

Real Brokerage: Support comes through the platform plus the team, sponsor and network an agent chooses — not a franchised local office.
eXp Realty: Assembled through the platform, the agent's team and the agent's sponsor rather than a local franchised office.

Ownership / equity opportunity

Real Brokerage: Real's official filings describe agent equity programs. Review current official terms and eligibility before assuming anything.
eXp Realty: eXp's official materials describe agent equity programs. Review current official terms and eligibility.

Recurring-income mechanism

Real Brokerage: Real's official materials describe an agent revenue-share program tied to attraction. Terms and eligibility are governed by current official documents.
eXp Realty: eXp's official materials describe an agent revenue-share program. Terms and eligibility are governed by current official documents.

Multi-market expansion

Real Brokerage: One brokerage affiliation across the states and provinces where Real is licensed, so expansion generally does not require changing brokerages.
eXp Realty: A single brokerage affiliation across licensed markets, so expansion generally does not require changing brokerages.

Enterprise / exit optionality

Real Brokerage: Official filings describe team and private-label structures used by larger organizations; evaluate them against your own governance and continuity plan.
eXp Realty: Team and organizational structures exist at both companies; compare the written terms rather than the marketing framing.

02 — Honest fit

Where each model genuinely fits

Neither answer is universal. These are the conditions under which each side is the better structure.

eXp Realty may be the better fit when

You are already familiar with and productive inside the eXp ecosystem.
Its published fee and cap schedule fits your production pattern better once you run your own numbers.
Your existing network, sponsor relationship and collaboration habits live there.
You value its specific virtual collaboration environment.

Real may be the better fit when

You want a national structure with the economics described directly in audited annual-report language.
You prefer the specific support, sponsor and team relationships available to you at Real.
You are evaluating private-label or team structures described in Real's official filings.
You want a sponsor who will answer structural questions in writing rather than with a pitch.

03 — Diligence

Questions to verify before you move

Take this list to both sides. Anything that cannot be answered in writing is a risk you are carrying personally.

Your actual local agreement — the signed document, not a recruiting summary.
Your current cap, royalty, franchise, desk, technology and administrative fees.
How active listings transfer, and whether seller consent is required.
What happens to pending transactions and escrow already in progress.
Whether your database, CRM records and marketing assets can be exported.
Brand and name transition: signage, domains, social handles and marketing inventory.
Team agreements, splits and any obligations you owe to or hold over teammates.
Ownership, equity or profit-share vesting you would forfeit or trigger by leaving.
Any recurring-income consequences of terminating your current affiliation.

Illustrative model

Model the economics with your actual agreement

Nothing here is a projection or a promise. Enter your real numbers; every assumption stays editable, and any prefilled value shows where it came from.

From eXp's official income page: 80/20 to a $16,000 cap, $85/month cloud brokerage fee, and $25 broker review plus $60 risk management per transaction ($85 combined). Exceptions may apply — confirm your agreement. eXp Realty (reviewed August 11, 2026).

Real operating scenario

Real publishes these as annual company caps in dollars — not as percentages. Choose the scenario that matches your situation.

Individual agent — $12,000 annual company capYou are not on a Real team. The company split is paid to Real until the $12,000 annual company cap is reached.Published in Real's 2024 investor presentation. Confirm the current schedule and your own anniversary year before relying on it.ProTeam member — $6,000 annual company capA ProTeam member's company cap is $6,000 per year in the US. The team split you pay your team leader is separate from this company cap.Eligibility and current terms must be confirmed with Real. Team types and their terms change; verify before you plan around them.Qualifying ProTeam member — $4,000 annual company capA reduced $4,000 annual company cap that is not generally available. It applies only to qualifying ProTeams.Currently available only to teams with at least 12 agents and $100M in annual production, subject to Real approval and current terms. Do not assume you qualify.

What is the difference between a company cap, a team split and a team cap?

Real (company) cap: The company split you pay to Real. Once you have paid the annual company cap in your anniversary year, the company split stops for the rest of that year.
Team split: The amount a team member pays their team leader under the Team Addendum. It is an agreement with the team, not with Real, and it is paid in addition to the company split.
Team cap: An optional amount paid to the team leader after which the team split may stop. Not every team has one — many team splits continue with no cap.

Sources (reviewed August 11, 2026): What are the different team types at Real (US)? · What is ProTeams? · What is the difference between the Team Cap and the Agent Cap? · How do Team Splits work?

Your current model — eXp Realty

Annual gross commission income ($)

Annual sides

Your split (%)

Annual cap ($, optional)

Fixed monthly fees ($)

Per-transaction fees ($)

Other annual brokerage costs ($)

Illustrative Real inputs

Agent split (%)

85/15 — Real 2025 Annual Report, p. 53 (reviewed August 11, 2026).

Annual company cap ($)

Set by the operating scenario above (Individual agent — $12,000 annual company cap). Dollar company caps — never percentages. Confirm the current schedule with Real.

Fixed monthly fees ($) — required

Per-transaction fees ($) — required

Other annual brokerage costs ($) — required

Fee fields are intentionally blank: RGC does not prefill amounts without a current verified source. Enter the figures on the official schedule you are given. A blank field is treated as unknown, never as zero — if a cost genuinely does not apply, type 0.

Comparison incomplete — no difference is calculated yet. Still needed: Real fixed monthly fees, Real per-transaction fees, Real other annual brokerage costs. Enter 0 if a cost does not apply.

Output is an illustrative annual difference based on the assumptions you entered — never a guarantee of savings, earnings or results.

Sources and assumptions

Every figure traces to a primary source

Last reviewed August 11, 2026. Open any source to see the publisher, what it supports and the review date.

eXp Realty agent income and fees

Publisher: eXp Realty

Supports: Generally an 80/20 split until a $16,000 annual cap; $149 startup fee; $85 monthly cloud brokerage fee; $25 broker review and $60 risk management per transaction. Exceptions may apply.

Last reviewed: August 11, 2026

https://www.exprealty.com/income

eXp World Holdings Q1 2025 investor presentation

Publisher: eXp World Holdings

Supports: Official company description of the eXp cloud-based operating model.

Last reviewed: August 11, 2026

https://expworldholdings.com/wp-content/uploads/2025/05/Q1-2025-Investor-Presentation.pdf.pdf

The Real Brokerage 2025 Annual Report (page 53)

Publisher: The Real Brokerage, Inc.

Supports: Agents typically receive 85% of gross commission income and Real retains 15% until the agent reaches the annual cap; after the cap the agent retains 100% net of a fixed per-transaction fee.

Last reviewed: August 11, 2026

https://s205.q4cdn.com/544743641/files/doc_financials/2025/ar/2025-Annual-Report.pdf

What are the different team types at Real? (US)

Publisher: The Real Brokerage (official support centre)

Supports: Official description of Real's US team types, their requirements, and the company-cap treatment attached to each. Eligibility and qualification are determined by Real and can change.

Last reviewed: 2026-08-19

https://support.therealbrokerage.com/hc/en-us/articles/16596961320983-What-are-the-different-team-types-at-Real-US

What is Private Label?

Publisher: The Real Brokerage (official support centre)

Supports: Official description of Real's Private Label arrangement, under which a firm may retain its own brand identity while operating on Real's platform. Availability, requirements and approval are determined by Real.

Last reviewed: 2026-08-19

https://support.therealbrokerage.com/hc/en-us/articles/20475720101143-What-is-Private-Label

04 — Common questions

Asked and answered

What does eXp Realty publish for its split and cap?

eXp's official income page states, generally, an 80/20 split until a $16,000 annual cap, with exceptions possible.

Are the published eXp fees the same for everyone?

No. eXp's own page notes that exceptions may apply, so confirm the terms in your own agreement.

05 — Next

Decide with your own numbers

RGC does not decide for you. If a conversation would help, choose the path that matches how you build.

BUILD ENTERPRISE EXPLORE THE TEAM PATH

This comparison relies on public information and user-entered assumptions, both of which can change. Verify every term against your actual agreement and current official materials before making a decision.

Nothing here is a projection, promise or guarantee of earnings, savings, production or results. Calculator output is illustrative only.

Educational information only. Nothing on this page is legal, tax, accounting or financial advice.

Third-party brokerage names and marks are the property of their respective owners. They are used here only for identification and comparison. No endorsement, sponsorship or affiliation is implied or claimed.

Real Growth Collective is independently led and is not an official program of The Real Brokerage, Inc. Real program terms and eligibility are governed by current official materials.