The #1 Compass Team in New England Moved to eXp Realty
On 2 October 2025, Todd J. Denman moved The Denman Group to eXp Realty. RealTrends ranked the team the number one Compass team in New England in its 2024 rankings, and the team's career sales volume exceeds $1 billion, with roughly $200 million projected for 2025 at the time of the move.
Teams at that level are not short of options. That is what makes the move worth reading about, and it is also why it should be read carefully rather than as an advertisement.
What Denman said
"eXp was built to support teams like ours. We've outgrown the traditional brokerage model. eXp's cloud-based platform, stock opportunities, and culture of collaboration give us the tools to serve our clients at the highest level while building wealth and legacy for our agents."
— Todd J. Denman, quoted in eXp Realty's announcement of the move
That quote comes from an eXp Realty press release, not from an interview with us. Read it as what a recruiting announcement sounds like, and weigh it accordingly.
The Compass context, stated accurately
Compass's acquisition of Anywhere Real Estate completed on 9 January 2026. The all-stock transaction was valued at approximately $1.6 billion in stock, or roughly $4.2 billion including assumed debt, and took Anywhere private. Robert Reffkin continues as Chairman and CEO. Coldwell Banker, Century 21, Sotheby's International Realty, Corcoran and Christie's International Real Estate now sit under Compass.
One thing that is not true: the merger did not cause this move. Denman left Compass roughly three months before the transaction closed. Anyone telling you a top team fled the merger is constructing a narrative after the fact.
What is fair to say is that consolidation has made platform ownership a live question for team leaders. When the brokerage you built your business inside becomes part of something larger, the question of what you actually own gets sharper.
What this does and does not mean for you
One team's decision is not evidence that a model fits your business. A $200 million team, a five-agent team and a solo agent have different economics, and the answer differs for each.
What is worth examining is the structural difference. At eXp Realty a team leader keeps their team's identity and structure while the brokerage handles infrastructure, and agents can hold equity in the publicly traded parent through the agent equity program — 5% of each commission withheld to purchase stock at a 5% discount. How teams are structured at eXp covers the mechanics, and the team growth page covers the leadership side.
Run your own numbers before you run anyone else's story. The earnings calculator uses Bean Group's $4,000 Mega Team cap against eXp's standard $16,000, which is where most of the difference actually sits for a producing team.
If the numbers hold up for you, the page for experienced agents is the honest version of what changes on a move, including the parts that get harder.
A note on the numbers: eXp's cap, fee and equity terms are updated periodically, and plenty of stale versions are still published elsewhere. Check the current ones at exptoolkit.com/revenueshare.