Rhode Island's Slocum Home Team Joined eXp Realty

George Slocum opened a real estate office in Warwick, Rhode Island in 1949. Three generations later, in October 2025, his grandson Nick Slocum moved the family business to eXp Realty.

The team at the time of the move

Founded 1949, continuously family-operated
249 families served in the preceding twelve months
$109 million in annual sales volume
30 agents and 7 staff
7 consecutive years named to America's Best Real Estate Professionals

These are the figures as reported at the time of the announcement in October 2025 and have not been updated since.

Every agent came

The detail that makes this move unusual is not the volume. It is that when Nick Slocum put the opportunity to his agents, all of them signed on.

"That speaks volumes about the trust our team places in us as leaders and the excitement for what eXp represents."
— Nick Slocum, quoted in eXp Realty's announcement of the move

Thirty agents inside a business built over three generations do not unanimously agree to a structural change casually. Whatever else the move signals, it is not an impulse.

Why he changed his mind

By his own account Slocum was sceptical at the outset. Conversations with peers on Zillow's agent advisory board and a meeting with eXp Realty CEO Leo Pareja moved him.

"Leo isn't just a corporate executive. He built one of the top teams in the country and knows exactly what it feels like to be in the trenches. What ultimately convinced us was the people, the collaboration, and the future opportunities eXp offers."
— Nick Slocum, quoted in eXp Realty's announcement of the move

Both quotes above come from an eXp Realty press release. We are reproducing them with attribution rather than presenting them as our own reporting.

What actually changes for a team like this

The specifics behind the general language are worth stating plainly. Agents can elect to have 5% of each commission withheld to purchase stock in the brokerage's publicly traded parent at a 5% discount — that is the equity piece. Revenue share is a seven-tier pool share that pays on the production of agents you sponsor, and it is willable. The revenue share explainer sets out the tiers and the qualifying gates.

The counterweight belongs in the same paragraph: eXp's own income disclosure states the median revenue share for a typical Tier 1 agent is $0. It pays real money to people who build organisations and nothing to people who do not.

A team owner's version of this question is different again from an individual agent's. How teams operate at eXp Realty covers what a team leader keeps and what changes.

The useful question

Not "should I do what Slocum did" — a 30-agent, 77-year-old brokerage has almost nothing in common with a solo agent's decision. The useful question is narrower: what does your current brokerage give you that you could not get elsewhere, and what are you paying for it?

The earnings calculator answers the second half against Bean Group's $4,000 Mega Team cap. The first half you have to answer yourself.

The equity and revenue share terms described here are current, though eXp does revise them. Confirm the details at exptoolkit.com/revenueshare before drawing conclusions from them.