Company Overview
Both LPT Realty and eXp Realty operate as cloud-based brokerages — no mandatory brick-and-mortar offices, lower overhead, and savings passed on to agents in the form of better splits and lower caps. That's where many of the similarities end.
eXp Realty pioneered the cloud brokerage model and grew rapidly through the 2020–2022 real estate boom. It now operates in 24 countries with a virtual campus called eXp World, a stock incentive program, and one of the industry's most recognized revenue share models. As of early 2026, eXp has approximately 80,000+ agents — but it's been contracting.
LPT Realty launched in 2022 and became the fastest-growing brokerage in the country almost immediately. Its core differentiator is simple: two plans, true agent choice, and the lowest cap in the market. LPT doesn't try to be everything — it's built around the idea that agents should run their businesses their way.
📌 Key Context
LPT Realty is the brokerage. TPL Collective is a coaching, recruiting, and community layer built on top of LPT — not a brokerage itself. When you join through TPL, you get LPT's industry-leading economics plus TPL's accountability systems, marketing support, and agent community.
Commission Splits & Caps
This is where the conversation usually starts — and where LPT wins decisively.
| Category | LPT Realty | eXp Realty |
|---|---|---|
| Plan Options | 2 Plans — Business Builder or Brokerage Partner ✓ Advantage | 1 plan for all agents |
| Solo Agent Split | 100% (Business Builder) or 80/20 (Brokerage Partner) | 80/20 |
| Annual Cap | $5,000 (Business Builder) or $15,000 (Brokerage Partner) ✓ Lowest | $16,000 |
| Team Member Cap | Same as above by plan | $8,000 (half cap) |
| Post-Cap Commission | 100% | 100% |
| New Agent Split | Same as above | 60/40 for first 3 transactions (Mentor Program) |
LPT's Business Builder plan is unique in the industry: a flat $500 per transaction with a $5,000 annual cap. Once you hit 10 deals, you're paying nothing to the brokerage for the rest of your year. For the average agent doing 12–20 transactions, this is a dramatic cost reduction.
The Brokerage Partner plan mirrors eXp's structure (80/20 with a cap) but with a $15,000 cap vs. eXp's $16,000. The real unlock at Brokerage Partner is HybridShare — LPT's revenue share program — which we cover in detail below.
Full Fee Breakdown
Caps tell one story. Fees tell the rest. Let's look at every dollar that leaves your pocket at each brokerage.
| Fee | LPT Realty | eXp Realty |
|---|---|---|
| Annual Fee | $500/year | $85/month ($1,020/year) |
| Startup / Onboarding | $0 | $149 (includes first monthly fee) |
| Transaction Fee | $195/transaction | $25 broker review (no cap) + $40 E&O (caps at $500/year) |
| Post-Cap Transaction Fee | $195/transaction | $250/transaction (reduces to $75 after $5,000 paid in) |
| Annual Cap on Splits | $5,000 (Business Builder) | $16,000 |
| Monthly Tech/CRM Fee | Included | $85/month (included in above) |
| E&O / Risk Management | Included in transaction fee | $40/transaction, caps at $500/year |
| Mentor Fee (new agents) | None | Extra 20% withheld first 3 deals |
⚠️ eXp's Hidden Monthly Cost
eXp's $85/month fee is easy to overlook in a commission-split conversation — but it adds up to $1,020 per year before you close a single deal. LPT's $500 annual fee only kicks in on your first transaction of the year.
The Real Math: Side by Side
Let's run the actual numbers on a typical producing agent — 15 deals at $8,000 average GCI per transaction ($120,000 GCI total).
Scenario: 15 Deals · $8,000 Avg GCI · $120,000 Total GCI
On this scenario, an agent at LPT pays approximately $10,000 less per year than the same agent at eXp. At higher production levels — 25+ deals — the savings grow further because the Business Builder cap is hit earlier and remains fixed.
🧮 Run Your Own Numbers
Use our commission calculator to enter your actual GCI and deal count and see a personalized LPT vs your current brokerage breakdown. Open the Calculator →
See What You'd Save at LPT
Book a 20-minute call. We'll run your numbers, walk through both plans, and answer every question — no pressure, no pitch.
HybridShare vs eXp Revenue Share
Both brokerages offer revenue share — income earned by attracting other producing agents to the brokerage. This is one of the most important long-term wealth-building levers available to a real estate agent, and the two models work very differently.
LPT HybridShare (Brokerage Partner Plan)
LPT's HybridShare is a 7-tier revenue share structure available exclusively to agents on the Brokerage Partner plan. You earn a percentage of the company dollar generated by agents in your downline — real, calculable income tied directly to production.
The Business Builder plan does not unlock HybridShare income — but agents can build a downline and switch to Brokerage Partner when they're ready. This flexibility is unique to LPT: no other major cloud brokerage lets you dial up or down based on where you are in your business.
eXp Revenue Share
eXp's revenue share distributes a percentage of the company's revenue pool across up to 7 tiers of your sponsored network. The formula is complex — earnings are tied to a fluctuating monthly pool rather than fixed percentages of your downline's production, making it difficult to forecast income accurately.
| Revenue Share Feature | LPT Realty (HybridShare) | eXp Realty |
|---|---|---|
| Available On | Brokerage Partner plan only | All agents |
| Tiers | 7 tiers | 7 tiers |
| Earnings Formula | % of downline's company dollar | % of monthly revenue pool (variable) |
| Predictability | High — tied to production | Lower — pool fluctuates monthly |
| Can Build Downline Without Activating | Yes — build on Business Builder, activate later | N/A — all agents on same plan |
Agent Count & Growth Trends
This is the elephant in the room — and for agents considering long-term alignment with a brokerage, it matters.
eXp Realty experienced explosive growth from 2018 through 2022, becoming the largest cloud brokerage in the world by agent count. But since Q4 2023, the trajectory has reversed. eXp has now reported negative agent growth for eight consecutive quarters, with agent count dropping approximately 5% in 2024 alone. The reasons are debated — market normalization, increased competition, and the emergence of newer brokerages like LPT all play a role.
📉 Why Agent Count Trends Matter
If you're betting on revenue share as an income stream, you want to be at a growing brokerage — not one that's shrinking. A contracting brokerage means fewer agents in your downline, smaller pools, and lower projections. This is not a knock on eXp's fundamentals, but it's a real consideration for agents building a long-term income strategy.
LPT Realty launched in 2022 and became one of the fastest-growing brokerages in the country almost immediately. It passed 10,000 agents in its first year — a milestone that took most cloud brokerages several years to reach. The combination of the lowest cap in the market and strong leadership has fueled sustained growth even as the broader market contracted.
Technology & Tools
Both brokerages are cloud-first and include technology as part of the agent value proposition. Here's how they compare:
eXp Technology
eXp's flagship platform is eXp World — a virtual campus where agents can attend training, access support, and connect with colleagues. The platform includes a CRM, transaction management, and marketing tools. eXp has leaned heavily into AI features in recent years and offers a robust library of on-demand training content.
LPT Technology
LPT includes a full suite of tools: CRM, transaction management, marketing, and back-office. Agents on the standard plan get access to the core stack. LPT also offers optional upgrades for agents who want premium CRM and transaction management tools — you only pay for what you use.
| Technology | LPT Realty | eXp Realty |
|---|---|---|
| Virtual Campus | Online portal | eXp World (immersive 3D) |
| CRM | Included (upgrades available) | Included in $85/mo fee |
| Transaction Management | Included | Included |
| Marketing Tools | Included | Included |
| AI Features | Growing suite | Leo AI assistant |
| Pay-for-Upgrade Model | Yes — only pay for what you need | Bundled in monthly fee |
Training & Community
Both brokerages offer significant training resources. eXp has a head start in volume — it's been building its content library and live training calendar since 2009 and hosts 50+ hours of live weekly training through eXp University. For newer agents especially, this depth is a genuine advantage.
LPT's training and community infrastructure is growing rapidly. What it may lack in sheer volume it makes up for in culture — LPT attracts agents who are entrepreneurial, growth-oriented, and invested in building long-term wealth.
🎯 The TPL Collective Difference
This is where TPL Collective specifically adds value. Joining LPT through TPL gives you access to coaching, accountability, a curated agent community, and marketing systems that most solo agents don't have — on top of LPT's brokerage infrastructure. It's the layer eXp's model tries to build through sponsors, except here it's intentional and structured.
Category-by-Category Scorecard
Winner
LPT Realty
- ✓ Lowest annual cap ($5K)
- ✓ Two plan options (agent choice)
- ✓ No startup fee
- ✓ No $85/month drag
- ✓ Growing brokerage
- ✓ Build downline on either plan
Runner Up
eXp Realty
- ✓ Larger existing network
- ✓ Mature training library
- ✓ eXp World virtual campus
- ✗ $16,000 cap
- ✗ $85/month ($1,020/yr)
- ✗ Agent count declining 8 quarters
Final Verdict: Which Is Right for You?
Choose LPT Realty (Business Builder) if:
- You're a producing agent focused on keeping more of every commission check
- You close 8+ transactions per year and want the lowest possible brokerage cost
- You're not prioritizing revenue share right now and want simplicity
- You want plan flexibility as your business evolves
Choose LPT Realty (Brokerage Partner) if:
- You plan to grow a downline and want HybridShare income
- You're building a team and want the 80/20 structure with revenue share upside
- You want the full wealth-building stack: commissions + revenue share + community
eXp may still make sense if:
- You have an existing large downline already at eXp and switching costs are high
- You specifically value eXp World's virtual campus and immersive community
- You're in a market or team structure where eXp's brand carries weight
For the vast majority of producing agents evaluating their options in 2026, LPT Realty's economics are simply better. The question isn't really "LPT or eXp" — it's "why am I still paying $16,000 per year?"
Ready to Run Your Numbers?
We'll show you exactly what you'd save at LPT — and what joining TPL Collective adds on top of that. No obligation, no hard sell.
All fee and commission data sourced from official brokerage materials as of March 2026. LPT Realty figures reflect the Business Builder and Brokerage Partner plans. eXp Realty figures reflect the standard solo agent structure. Always verify current fee schedules directly with your broker. TPL Collective is a recruiting and coaching organization — not a brokerage. Affiliated brokerage is LPT Realty.