$16,000 is a lot of cap.
An eXp Realty alternative for Florida agents
eXp agents keep 80% until they’ve paid a $16,000 cap, plus $85 a month and fees on every deal. Firelight360 founding agents keep 95% from the first closing, pay $49 for the whole year and nothing per deal.
Fixed costs, deals or not
What you pay before your first closing of the year
Then on every eXp deal
| Per-deal item | eXp Realty | Firelight360 |
|---|---|---|
| Split before cap | 20% to eXp until $16,000 | 5%, no cap needed |
| Broker review fee | $25 | $0 |
| Risk management fee | $60 (capped at $750 a year) | $0 |
| After capping | $250 per deal for 20 deals, then $75 | Still just 5% |
| New agents in mentor program | Extra 20% on first three deals | 1:1 coaching included, no extra split |
Add it all up
A year at eXp vs. a year at Firelight360
Total paid to the brokerage at $10,000 per deal, after the first year’s start-up fee. Board and MLS dues aren’t included at either.
Honest read: eXp’s capped model only costs less than 95/5 at very high production, roughly $500,000 or more in yearly GCI at this deal size.
The reasons we hear
Why Florida eXp agents are looking
- Revenue share didn’t pan out. eXp’s own income page says the median for a typical tier-1 agent is $0.
- The cap takes eight median deals. At $10,000 per deal, 20% reaches $16,000 on deal eight.
- Fees keep running after the cap. $250 per deal for the next 20 closings.
- They want a local broker. Someone in Florida who picks up when a contract goes sideways.
Fair is fair
When eXp may still be right for you
- Your revenue share income is real and growing. We don’t offer revenue share.
- You’re working toward the ICON award or have stock that hasn’t vested yet.
- You gross more than about $500,000 a year.
Before you go: ask eXp in writing what happens to your revenue share and unvested stock if you leave. eXp says most equity carries a three-year vesting schedule.
eXp agents ask
How does Firelight360 compare with eXp Realty?
You keep 95% instead of 80%, pay $49 a year instead of $85 a month, and skip the per-deal broker review, risk management and post-cap fees.
Is there a cap at Firelight360?
No. There’s nothing to reach. Your split is 95/5 on deal one and deal fifty.
Is Firelight360 a cloud brokerage like eXp?
You can work from anywhere, but you also get a Florida broker who answers, usually within 90 minutes.
Do I keep my Florida board and MLS?
Most likely. We belong to ORRA, Suncoast Tampa, RWorld and the Space Coast Association, covering Stellar, Miami and Space Coast MLS.
Which Florida markets are you recruiting in?
Orlando, Tampa, St. Pete, Miami and Fort Lauderdale, Palm Beach County and the Space Coast.