ICON Agent Award
The eXp Realty ICON Agent Award is aimed at attracting and incentivizing top agents into eXp Realty. The award provides each qualified “ICON” with up to sixteen thousand dollars ($16,000) in publicly traded eXp World Holdings common stock upon the achievement of certain production goals within an agent’s anniversary year. The Company’s cap is presently set at $16,000. ICONs effectively earn up to their entire cap amount back in the form of public company investment.
Cultural goal: Demonstrates company culture through giving back by: Teaching a class, serving on a panel or serving on a committee; and
Cultural goal: Demonstrates a willingness to promote eXp Realty within their community.
Production requirement: $16,000 paid in company cap plus capped status transactions in the same anniversary year resulting in capped status transaction fees of not less than $5,000, OR
Production requirement: Annual gross commission income of $500,000 or more with a minimum of 10 closed transactions and payment of an “ICON Qualifying Fee” equal to $5,000 less capped transaction fees paid during the same anniversary year.
$12,000 in publicly traded eXp World Holdings common stock is awarded and vests after three years, $4,000 is issued with no vesting period.
* For 2019: $12,000 in publicly traded eXp World Holdings common stock is awarded and vests after three years, and an additional $2,000 is issued after each company event (The eXp Shareholder Summit and EXPCON) with no vesting period, for a possible total of $4,000.
Approval by the ICON Vetting Committee