eXp Realty Review (2025) – The Real Estate MLM That Swears It’s Not an MLM

Welcome to my eXp Realty Review!

You ever meet someone who just got their real estate license and suddenly they’re preaching “financial freedom” like they’re the next Grant Cardone?

Odds are… they just joined eXp Realty.

It’s pitched as “the future of real estate” with a revenue-share model that smells a whole lot like MLM. No office, no franchise fees, and “passive income” if you build a downline of agents who don’t ghost you after 3 weeks.

But is this cloud-based brokerage a revolution in real estate or just Amway with listings?

Let’s investigate — and then I’ll show you an actual passive income model that doesn’t require begging your aunt to get licensed.

🕵️ Who Runs eXp Realty Review?

eXp Realty was founded in 2009 by Glenn Sanford, a former Keller Williams agent who figured, “Why rent office space when I can turn the brokerage into a metaverse?”

So he launched eXp as a 100% virtual brokerage where agents work from home, attend Zoom trainings, and navigate a Sims-like world called eXp World — where your broker shows up as an avatar in a cartoon auditorium.

The parent company, eXp World Holdings, trades on NASDAQ under EXPI and boasts over 85,000 agents worldwide. So yeah, it’s real.

But the business model leans heavily on recruitment, and that’s where things get… interesting.

Currently it’s getting very popular in Canada and eXp Realty Canada is taking off.

📦 What Products Does eXp Realty Offer?

Technically, eXp is a real estate brokerage. Agents help clients buy and sell homes — no overpriced lotions or crypto mining scams here.

Here’s what they offer:

• 🏡 Full real estate brokerage services

• 🧠 Live and recorded agent training

• 🧑‍💻 A 3D virtual office called eXp World

• 🚀 ExpressOffers for fast home sales

• 🏢 Divisions like eXp Commercial and eXp Luxury

• 🧰 CRM and lead-gen tools

• 🏛️ Stock equity and bonus incentives

The twist? Most of their pitch isn’t about real estate. It’s about recruiting other agents, earning revenue share, and leveling up like it’s a video game with a vesting schedule.

💸 The Affiliate Program (eXp Realty Compensation Plan)

This is where eXp gets spicy.

Instead of paying franchise fees, agents can recruit other agents into their “downline” and earn a cut of their commission — up to seven levels deep.

Sound familiar?

That’s because it’s structured almost identically to a multi-level marketing plan. You bring in agents, those agents bring in more agents, and the override commissions trickle up the pyramid.

To get paid on multiple levels, though, you have to keep your own sales up, or else you lose the money your downline is generating.

And if someone in your upline quits? You could lose chunks of your earnings instantly.

So while it’s not technically illegal or a pyramid scheme — it’s still a recruiting hamster wheel disguised as a real estate career.

💰 Cost to Join eXp Realty Reviews?

Joining eXp isn’t too expensive up front… until you realize what it really costs to succeed.

Once you “cap,” you keep 100% commission, minus the $250 fee per deal.

But here’s the kicker: to unlock max income potential, you need to recruit. No downline? No passive income. And if your recruits don’t produce? You eat those monthly fees with no upside.

✅ Pros and Cons

👍 PROS:

• ✅ Virtual model = no office overhead

• ✅ Great training if you’re a new agent

• ✅ Commission caps are fair

• ✅ Equity and stock bonuses available

• ✅ Can earn from other agents via revenue share

👎 CONS:

• ❌ Revenue share depends heavily on constant recruiting

• ❌ Looks and smells like an MLM to many

• ❌ You’re a “coach” more than an agent if you want real income

• ❌ Overhyped “passive income” model

• ❌ Avatars instead of real brokers can feel impersonal

🔥 Tired of Chasing Realtors? Here’s What ACTUAL Passive Income Looks Like

Let’s call out the elephant in the Zoom call:

eXp Realty promises passive income… but makes you work like a full-time recruiter to earn it.

Want to skip the recruiting, onboarding, and ghosted agents who never return your calls?

There’s a smarter option:

👉Wealth With DEFI system

This is what people think eXp Realty is — a true passive income model that earns 60% to 200% annually without downlines, DMing your old coworkers, or pretending to love virtual meetings.

With Wealth With DEFI, you’re leveraging appreciating digital assets that generate high-yield returns — and once it’s set up, it runs without your input.

✅ No selling
✅ No license
✅ No chasing flaky agents
✅ Just real income while you live your life

Look at one of 62 year old students have to say who was a complete newbie starting from scratch:

Drop “2025” in the comments or click here to access the free training — and see how everyday people are ditching the hustle and stacking real cash with smart DeFi strategies.

If you wanted passive income… this is it.

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See you at the top,

-Jesse Singh

P.S.  If you are tired of failing ANY business, click here and check this out to take your game to the next level.