Hybrid estate agent platform eXp UK says it now has 200 self-employed estate agents signed up to its platform after adding 50 in three months.

The company launched within the UK during November 2019 led by former Hatched founder and EasyProperty executive Adam Day.

“We have agents from Truro to Newcastle and Carlisle to Margate,” he says.

“There’s no particular concentration in any one part of the UK, but we do have some gaps in the East Anglia area, where there is a huge opportunity in some locations within East Anglia, to be the first eXp agent in those areas.”

Although it is part of the huge US-based agency of the same name, Day has always said it would have a distinctive UK flavour but share the same tech platform and a similar fees model.

eXp enables agents to keep a minimum of 70% of their commission. If an agent produces gross commission income of £80,000 within their first year, they go on to receive all their commission, bar a flat £250 per completion.

Agents can also earn equity in eXp World Holdings stock for listing and selling activities.

Estate agent

“The eXp model helps agents to build a secure financial future and it’s just one of the many reasons that we’re growing at such a rate,” says Day.

“As an estate agency business that puts the agents at the core of everything we do, those in the UK who have joined us, are realising that we truly do live by that.”

Hybrid estate agent platforms like eXp UK have enjoyed a significant boost recently, both from the success of Purplebricks but also because some agents who have been forced to work home during Covid don’t fancy returning to branch life.

Day recently announced that he and some of his star agents are to tour the UK to spread the word about its business model.