One of the many company incentives that eXp Realty® agents strive to attain is ICON Agent status. To be an eXp ICON means agents have achieved certain production requirements as well as represent the company’s core values in a 12-month time period.
Thousands of eXp Realty agents have achieved ICON status since the program started in 2015. Once agents achieve or exceed production requirements, they receive a number of exclusive benefits, including publicly traded eXp World Holdings stock (Nasdaq: EXPI) and invitations to ICON-only groups and at times, events where ICONs can network and learn from each other.
How Agents Can Achieve ICON Status
Agents can achieve ICON status by meeting or exceeding the Program’s Production Requirements during their Capping Period. Once involved in the ICON Program, there are additional opportunities for ICONs to earn more awards by “giving back” time, talents and knowledge to eXp’s agent population and also by attending specific eXp-approved events.
When an agent achieves ICON status, that agent can earn up to $16,000 (USD) worth of eXp World Holdings common stock, which is made up of an $8,000 Production Award, a $4,000 Cultural Commitment Award and a $2,000 Event Attendance Award for each approved event
Any agent that has paid the full Company Dollar Cap and has met the additional requirement(s) will achieve ICON status in the month following the qualifying Settled Transaction. All Transactions must be completely settled and properly documented in Skyslope.
A representative of the ICON Program will notify qualified agents of their ICON status by the 25th of the month following achievement of the Production Award Requirement (“Production Requirement”).
ICONs Have Additional Opportunities to Earn Stock Awards
eXp Realty agents have the opportunity to earn ICON status for each 12-month capping period and earn additional stock awards.
The ICON also has the ability to earn an additional $4,000 of publicly-traded eXp World Holdings common stock by satisfying the cultural commitment requirement during their ICON Benefit Year. This stock award has a two-year vest period. Stock will be issued and released as long as the ICON Agent remains licensed exclusively with eXp Realty at the two-year vesting mark.
ICONs also have the opportunity to earn $4,000 of publicly-traded eXp World Holdings company stock split into two equal payments of $2,000 by attending the eXp Shareholder Summit and EXPCON. There is no vesting period for the issuance of this stock.
If you’re interested in learning more, ICON agent qualification and benefit details are available on the ICON Program Overview.
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