eXp Awards & Recognition
Chairman's Excellence Awards
Every year we recognize those agents who achieve exceptional production levels by awarding them the Chairman’s Excellence Award. The award is earned at various levels based on individual production. Our year runs from Sept. 1 – Aug. 31, and the awards are given at EXPCON every year.
Aquamarine: $80,000 – $119,999 GCI or 15 – 26 units
Amethyst: $120,000 – $179,999 GCI or 27 – 39 units
Sapphire: $180,000 – $239,999 GCI or 40 – 49 units
Emerald: $240,000 – $299,999 GCI or 50 – 59 units
Ruby: $300,000 – $399,999 GCI or 60 – 74 units
Diamond: $400,000 – $499,999 GCI or 75 – 99 units
Double Diamond: $500,000+ GCI or 100+ units
ICON Agent Award Program
eXp Realty celebrates all our agents while highlighting those who achieve exceptional sales volume and operate within our core values. We recognize their business acumen, integrity and cultural contributions by offering the opportunity to earn ICON Agent status. ICON status is reserved for those agents who meet or exceed the minimum production and cultural requirements during the “eXp Realty ICON year” and operate in alignment with our core values. The eXp Realty ICON year is defined as September 1 – August 31.
Want more information on the ins and outs of the ICON Award Program? Click here to connect to the Overview or email: email@example.com
NOTE: ICON AWARD IS NOT AVAILABLE TO MEMBERS OF TEAMS THAT ARE PAYING LESS THAN THE 16k CAP
ICON Production Requirements
A single agent or domestic team is eligible for consideration for ICON status when one of the following is met per anniversary year:
eXp Realty annual cap (currently $16,000) and annual per agent transaction fee cap (currently $5,000), OR
Annual gross commission income of $500,000 or more with a minimum of ten closed transactions and payment of an ICON Qualifying Fee equal to $5,000 less capped transaction fees paid.
Mega ICON teams have a production requirement of $56,000 broken down by Team Leader reaching a $16,000 cap and at least ten (10) team members must reach a $4,000 individual cap.
ICON Cultural Requirements
Community is one of our critical core values. Successful agents giving back to our agent population feed into the proverbial “rising tides lift all boats” philosophy. Community paired with collaboration provide a growth opportunity for every eXp Realty agent. ICONs contribute to our agent population by actively serving in one or more of the following areas with a minimum expectation of one hour per month.
Cultural Service Opportunities
Serve as an eXpand Mentor
Serve as a teaching member of the Agent Faculty Program
Establish and serve as a host in an Aspiring ICONs Workplace group
Actively participate in ICONversations
Serve on the ICON Vetting Committee
Serve as an Event Service Volunteer in conjunction with our Marketing Department for EXPCON and The eXp Shareholder Summit
Serve as a presenter for the monthly ICON Orientation class
ICON Vetting Process
ICON candidates, both new and returning, will be interviewed by a current member of the ICON Vetting Committee the month after reaching one of the production requirements. The purpose of the interview is to determine whether the candidate operates in alignment with our core values. The interview notes will be posted in the ICON Interview Trello board for committee review and approval. Once approved, candidate will be invited to attend the monthly vetting meeting where they will be introduced and celebrated as a new or returning eXp Realty ICON Agent.
ICON Status Benefits
Receive up to $16,000 ICON Agent Award*
Membership to the private ICON Mastermind Workplace group
Invitation to ICON Mastermind events
Inclusion in monthly ICON agent press release
ICON logos for marketing purposes
Company recognition via an announcement posted in Friday Leadership Meeting
Receive ICON badge in eXp World
ICON frame available to use in Workplace
Membership in the ICON Agent Directory (under development)
Recognition at the annual EXPCON Awards Gala
Invitation to ICONic Events at Shareholder’s Summit and EXPCON
*ICON Agent Award Issuance Plan
Upon approval as an ICON Agent, ICON will be awarded $8,000 in publicly traded eXp World Holdings common stock which vests after three years. Stock will be issued and released as long as ICON Agent remains licensed exclusively with eXp Realty at the three-year mark.
The ICON has the ability to earn an additional $4,000 of publicly traded eXp World Holdings common stock by satisfying the cultural commitment requirements during their ICON Benefit Year. This stock award has a two-year vest period. Stock will be issued and released as long as ICON Agent remains licensed exclusively with eXp Realty at the two-year vesting mark.
The remaining $4,000 of publicly traded eXp World Holdings common stock is split into two equal payments of $2,000 of company stock and are earned by attending The eXp Shareholder Summit and EXPCON after ICON status is achieved. Shares will be added to the monthly company issue release the month following the event. These shares will be available with no vesting period and will be issued based on attendance verification. Should ICON status be earned by a domestic team, the attendance requirement is such that at least one member of the domestic team has verified attendance at each event.