ICON Agent Program

The ICON Agent program is aimed at attracting and incentivizing top agents into the company. The program provides each qualified “ICON” with up to $16,000 in publicly-traded eXp World Holdings, Inc. common stock* upon the achievement of certain production and cultural goals within an agent’s anniversary year.  Through the program, an ICON effectively earn up to their entire cap amount back in the form of public company stock.  Agents who qualify by reaching production and cultural thresholds will be invited to apply to the program.  These programs are subject to revision and board approval each calendar year.

Criteria

The following criteria apply for anniversary years beginning in 2016 and 2017.

2016

2017

Demonstrates company culture through giving back by: Teaching a class, serving on a panel or, serving on a committee; and,

Demonstrates company culture through giving back by: Teaching a class, serving on a panel or, serving on a committee; and,

Demonstrates a willingness to promote eXp Realty within their community

Demonstrates a willingness to promote eXp Realty within their community

$16,000 paid in Company Cap PLUS Capped Status transactions in the same anniversary year resulting in Capped Status Transaction Fees of not less than $5,000.00 (“Production Requirement”)

$16,000 paid in Company Cap PLUS Capped Status transactions in the same anniversary year resulting in Capped Status Transaction Fees of not less than $5,000.00 (“Production Requirement”); OR,

Approval by the ICON Vetting Committee

Annual Gross Commission Income of $500,000 or more with a minimum of 10 closed transactions and payment of an “ICON Qualifying Fee” equal to $5,000 less capped transaction fees paid during the same anniversary year; and,

Approval by the ICON Vetting Committee

Once the Company Dollar Amount from Contractor’s Transactions within an anniversary year equals $16,000, the Contractor will go into “Capped Status” with the company for the balance of the year until their next Anniversary Date.  Revenue Share Plan dollars (See Addendum B) will not be paid out on Transactions consummated by Contractors in Capped Status.


When a Contractor is in “Capped Status” with the Company, the Company will not withhold the Company Dollar Amount on Contractor’s Transactions (“Capped Status Transactions”).  The Company will assess a fee on Capped Status Transactions equal to $250.00 (USD) (“Capped Status Transaction Fee”).  Capped Status Transaction Fees are assessed after any state/local taxes imposed on commissions after accounting for any concessions.  Broker Review and E&O fees (as defined in the Independent Contractor Agreement) are assessed on Capped Status Transactions.

Awards

In the month following approval, the ICON will earn:

2016

2017

An award of $12,000 of company stock*.  This award is subject to a 3 year vesting period; and

An award of $12,000 of company stock*.  This award is subject to a 3 year vesting period; and

$2,000 worth of company stock issued immediately vested for each of the two live events that is attended

$4,000 worth of company stock* issued immediately vested

* All shares issued under the Icon Agent Program are issued directly from eXp World Holdings, Inc.'s treasury and, as such, in accordance with applicable law, are "restricted" shares and must be held for at least six months before the restrictive legend can be removed and the shares offered for sale.


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