Both eXp Realty and The Corcoran Group are reputable real estate companies with distinct strengths. eXp Realty's expansive network, innovative commission structure, and technology-driven approach may appeal to agents seeking flexibility and growth opportunities. The Corcoran Group's long-standing history, focus on luxury markets, and comprehensive service offerings could be a better fit for clients and agents prioritizing established expertise and a strong local presence.
| Attribute | eXp Realty | The Corcoran Group |
|---|---|---|
| Years of experience in the real estate market | Founded in 2009 | Over 50 years (founded in 1973) |
| Number of active agents in the agency | Over 89,000 agents as of January 2024, decreasing to 81,904 agents by May 2025 | Over 4,500 agents (approximately 3.9K employees, some sources state 5,000+ world-class professionals) |
| Specialization in residential or commercial properties | Strong focus on residential real estate, with a commercial division (eXp Commercial) | Specializes in residential real estate, particularly luxury homes and apartments. Also has a commercial real estate division handling leasing, retail properties, and investment deals. |
| Geographic areas served (specific neighborhoods or cities) | United States, Canada, the United Kingdom, Australia, South Africa, India, Mexico, Portugal, France, Puerto Rico, Brazil, Italy, Hong Kong, Colombia, Spain, Israel, Panama, Germany, Dominican Republic, Greece, New Zealand, Chile, Poland, and Dubai | Strong presence in New York City, the Hamptons, and South Florida. Serves urban, suburban, and resort destinations across the United States and around the world. Specific areas include Manhattan, Brooklyn, Long Island. Expanding in areas like California, North Carolina, and Houston, Texas. Also has international reach, including a presence in Italy and Mexico. |
| Average commission rate charged to sellers | Standard commission rates, typically around 2.5 2013%. 80/20 commission split, capping at $16,000 gross commission paid into the company per year. After the cap, the agent receives 100% of their commission, minus transaction fees. | 6% of the sale price |
| Marketing strategies used for property listings (e.g., online, print) | Online marketing, social media, video marketing, email marketing, single-property websites, flyers, postcards, and virtual tours | Innovative marketing strategies, digital marketing (including social media and real estate websites), search engine optimization (SEO), traditional methods such as "For Sale" signs and open houses, professional photography services, Social AI Engine. |
| Client satisfaction rating (e.g., based on surveys or reviews) | Average rating of 4.8/5 from over 3,000 reviews across various platforms, but some review sites display lower customer satisfaction | 4.4 out of 5 overall rating. Average rating of 5 stars. |
| Availability of virtual tours and online resources | Virtual tours, advanced property search tools, and a virtual office environment called eXp World | Offers virtual tours and has a comprehensive website (Corcoran.com) with listings and information. The website attracts over 4 million visitors per month. |
| Negotiation skills and success rate | Agents are trained to secure the best possible deals for their clients | Agents are known for their negotiation skills. |
| Technology platforms used for communication and transaction management | kvCORE (CRM), eXp World (virtual office), SkySlope (transaction management), and MyeXp (mobile app) | Utilizes various technology platforms for communication and transaction management, a mobile app for property searches, digital marketing tools and listing analytics. |
| Community involvement and local market expertise | Emphasizes the importance of agents being local market experts | Corcoran Icon Properties supports local charities through service, fundraising, and donations. Agents are known for their deep market knowledge. |
| Services offered beyond buying/selling (e.g., property management) | ExpressOffers (for quick cash sales), eXp Luxury (for high-end properties), eXp Access (for pre-market and off-market listings), and relocation services | Offers relocation services for clients moving in or out of New York City, property management services, and a division for marketing new construction properties. |