She Built a Successful Independent Brokerage. After 13 Years, She Made a Surprising Decision.
Amy Tapp did what a lot of agents talk about doing: she built her own brokerage. Amy Tapp Realty was one of Lubbock's better-known independent brands, and she had run it for 13 years when she announced in September 2025 that she was folding it into eXp Realty.
The details here come from eXp Realty's announcement of the move, including the quote below. It is a recruitment release, and worth reading as one.
What eXp reported
- $80 million in 2024 sales volume
- 350 transactions closed
- 45 people — 40 agents and 5 staff
- A career spanning Keller Williams, RE/MAX and independent ownership
The part of ownership nobody advertises
"After more than a decade of running my own brokerage, I felt the tug for something more." — Amy Tapp, quoted in eXp Realty's announcement.
Owning the shop means owning compliance, technology procurement, recruiting, training, vendor contracts and everything that breaks on a Friday afternoon. Those costs are real and they are mostly invisible in a P&L that only tracks splits.
What the trade actually is
Moving a 45-person operation onto someone else's infrastructure is a swap, not an upgrade. You give up direct control of the platform. You gain a platform you no longer have to fund, staff or replace, plus two things an independent owner cannot manufacture alone: revenue share and equity.
On equity, one correction worth making. Agent stock purchases are shares in the parent company, which was named eXp World Holdings at the time of this move and is now AGNT, Inc. (Nasdaq: AGNT) following the June 2026 name change. The eXp Realty brokerage brand did not change. Under the Agent Equity Program an agent elects to have 5% of each commission withheld to buy stock, at a 5% discount to the purchase price — two separate 5% figures that are often conflated.
On revenue share, the honest version is on our revenue share explainer: it is a share of a pool funded from company dollar, not a percentage of the sponsored agent's gross commission, and eXp's own income disclosure puts the median for a typical Tier 1 agent at $0. It is real, and it is not a salary.
If you own the shop
The question is not whether you can keep running it. Clearly you can. The question is what the ownership premium is actually paying for, and whether the same outcome is available at a lower operating cost. Bean Group's structure for teams and former owners is laid out on the eXp teams page, and the level-by-level economics — including the $4,000 eXp cap and the separate, uncapped team split — are on the plans page.
eXp publishes its own current numbers at exptoolkit.com/revenueshare. If a figure here and a figure there ever disagree, theirs is the one to use.