Self-employed agency network eXp UK now has 150 agents working for it across the UK, up from 50 agents almost exactly a year ago.

The company, which launched in November 2019, is headed by former Hatched.co.uk founder Adam Day.

He says the platform is gaining traction because it focusses on attracting experienced rather than novice estate agents, who earn minimum of 70% the commission they generate and up to 99% when they achieve high volumes of sales.

“We only allow experienced agents to join because we want to set agents up for success,” Day said.

“From my experience within estate agency, agents’ chances of success are much higher when they have experience and are working with other experienced agents.

Underestimated

“Estate agents in the UK underestimate their abilities and how important they are to the estate agency they are currently employed by. As far as I’m concerned, all agents really need, on top of experience, is to believe in themselves, and eXp will help with the rest.”

eXp UK is part of trend that has seen the relaunch and expansion of its main rival Keller Williams, but has also seen many corporate and smaller agents expand via agents establishing virtual territories, including SpicerHaart.

“It’s an exciting business model and we’re growing at an exciting rate, but the agents make it easy for us,” says Day.

“ It’s exciting for both myself and the agents – they’re all great and they seem to love the freedom and autonomy that they get to run their business how they see fit.”