Every agent I know has had the brokerage conversation in the last twelve months. Sometimes it is a recruiter cold-calling. Sometimes it is the third split change in two years. Sometimes it is watching a teammate leave and wondering what they saw.
I have been licensed in Nevada for over sixteen years and I have built a team that closed 789 transactions and more than $440 million in volume in 2025. I have sat on both sides of this conversation more times than I can count. So when I tell you that the brokerage math changed — and that it changed most dramatically for team leaders — I am not reading it off a recruiting deck.
What follows is the honest version: what LPT Realty is, what it actually costs, how it compares to Keller Williams, eXp Realty, Compass, RE/MAX, Coldwell Banker, Century 21, Real Broker, Side, HomeSmart, Fathom Realty and the rest, and the one structural difference that makes it the only serious answer if you run a team.
LPT Realty placed 162 teams and 155 individual agents on the 2026 RealTrends Verified rankings, took eight of the national Top 14, and swept the new Enterprise tier. Its decisive advantage for teams is structural: LPT charges team members the same cap as solo agents, while eXp, Real Broker and most competitors slash the team-member cap — which quietly gives those brokerages a financial reason not to help your team grow.
- LPT Realty placed 162 teams on 2026 RealTrends Verified and took eight of the national Top 14.
- Two plans: $500 per transaction with a $5,000 cap, or an 80/20 split capping at $15,000.
- Competitors cut team-member caps to $8,000 or $4,000, which misaligns the brokerage against team growth.
- LPT reached 21,055 agents and $23.62 billion in volume within three years of its 2022 launch.
- Parent company LPT Aperture Holdings filed a draft S-1 with the SEC toward a public offering.
What Is LPT Realty, and Why Is Every Agent Suddenly Asking About It?
LPT Realty is a national real estate brokerage founded in 2022 by Robert Palmer, headquartered in Lake Mary, Florida. The letters stand for Love People Trust, which sounds like a slogan until you look at how the compensation is actually built — the whole model is designed around agents choosing their own structure rather than being sorted into one.
Palmer came to brokerage from mortgage. He founded RP Funding, which matters more than it sounds, because it means LPT was built by someone who had already run a business where the unit economics had to work without a franchise fee propping them up. According to HousingWire, Palmer's stated position is that LPT runs the brokerage like a business rather than as a loss leader for something else.
The reason agents are asking about it in 2026 rather than 2023 is simple: the growth stopped being a rounding error. LPT is now, by RealTrends' own accounting, the fastest-growing single-entity brokerage in United States history, and the only brokerage in RealTrends Verified history to enter the national Top 10 in transaction count within three years of launching.
That is the context. The rest of this article is the arithmetic.
How Fast Has LPT Realty Actually Grown?
Fast enough that the growth itself has become a data point worth checking rather than a claim to accept.
According to RealTrends Verified, LPT Realty finished the 2025 rankings cycle at 21,055 active licensed agents, ranked 11th nationally by sales volume at $23.62 billion, and 7th nationally by transaction sides at 61,041. It placed third in growth, adding $9.19 billion in volume year over year.
Sit with the shape of that for a second. A brokerage founded in 2022 was, by 2025, closing more transaction sides than all but six companies in the country. According to Real Estate News, the agent count grew roughly 50% over 2024 alone.
In April 2025, LPT announced it was operating in all 50 states and Canada. For a Nevada agent that matters practically: your license, your referrals and your relocating clients no longer stop at a state line, and neither does your revenue share.
| Metric | Figure |
|---|---|
| Founded | 2022, Lake Mary, Florida |
| Active licensed agents | 21,055 |
| National rank by volume | 11th, at $23.62 billion |
| National rank by sides | 7th, at 61,041 |
| Year-over-year volume growth | Plus $9.19 billion, 3rd nationally |
| Footprint | All 50 states and Canada |
| 2026 RealTrends Verified placements | 162 teams, 155 individual agents |
What Are the Two LPT Realty Commission Plans?
Two, and you pick. That is the entire design.
The Business Builder plan is a flat fee: $500 per transaction, capping at $5,000 a year. After ten transactions you have capped, and every closing after that costs $195. That is the plan for the agent doing volume who wants the largest possible share of their own gross.
The Brokerage Partner plan is a traditional split: 80/20 with a $15,000 annual cap, then $195 per transaction after the cap. That is the plan for the agent who would rather pay proportionally on the way up — a newer agent, a part-time agent, or anyone whose year is uncertain enough that a percentage feels safer than a fixed fee.
There are no monthly fees on either plan. No desk fee, no technology fee, no franchise fee.
| Dimension | Business Builder | Brokerage Partner |
|---|---|---|
| Structure | Flat fee per transaction | Percentage split |
| Cost per closing | $500 | 20% of commission |
| Annual cap | $5,000 | $15,000 |
| Transactions to cap | 10 | Varies with commission size |
| After cap | $195 per transaction | $195 per transaction |
| Monthly fees | None | None |
| Best for | Established volume producers | Newer or variable-year agents |
The number that should stop you is $5,000. That is the entire annual brokerage cost of a capped Business Builder agent, before the $195 post-cap transactions. An agent closing thirty deals a year pays $5,000 plus twenty post-cap fees of $195 — about $8,900 total — regardless of whether those thirty deals were $300,000 condos or $3 million estates.
Run that against a 70/30 split at a legacy brokerage on $600,000 of gross commission and the difference is not a rounding error. It is a car, every year, forever.
Why Is LPT the Only Real Choice If You Run a Team?
Here is the part almost nobody reads closely enough, and it is the reason I am writing this at all.
At most competing brokerages, when an agent joins a team, their cap goes down. That sounds like a benefit. Read it again from the brokerage's side of the table.
At eXp Realty, a solo agent caps at $16,000 on an 80/20 split. A team member caps at $8,000 — half. At Real Broker, a solo agent or team leader caps at $12,000 on an 85/15 split, a team member caps at $6,000, and a mega team member caps at $4,000.
Now think about what that does to the brokerage's incentives. Every time a solo agent joins one of your teams, that brokerage's revenue from that agent drops by half — or by two-thirds. According to Robert Palmer, speaking at Inman Connect San Diego, "If you look at a lot of the competing models, if you're a solo agent, your cap is maybe four times higher than what it would be if you're a team member," and the result is that "this creates a misalignment because now the brokerage is disincentivized to have solo agents join teams."
That is the whole argument, and it is a structural one rather than a marketing one. A brokerage that earns less when your team grows is a brokerage whose interests diverge from yours the moment you succeed.
LPT charges the same cap whether you are solo or on a team. No reduced team-member tier, because it does not need one — the standard Business Builder cap of $5,000 is already lower than eXp's reduced $8,000 team-member cap and lower than Real's $6,000. Any agent on any team can elect that plan.
The result is a brokerage with no financial reason to slow your recruiting down, and team members who cap cheaper than they would on the "team discount" everywhere else.
| Brokerage | Solo agent cap | Team member cap | Does the brokerage earn less when your team grows? |
|---|---|---|---|
| LPT Realty | $5,000 or $15,000 by plan | Same as solo | No |
| eXp Realty | $16,000 | $8,000 | Yes, by half |
| Real Broker | $12,000 | $6,000, or $4,000 mega team | Yes, by half to two-thirds |
What Is the RealTrends Enterprise Tier, and Why Did LPT Sweep It?
In 2026, RealTrends Verified introduced a new classification above Mega called Enterprise, for organizations with 51 or more licensed agents. It is the tier that finally distinguishes a large team from an actual company operating inside a brokerage.
LPT Realty swept it.
According to the company's 2026 RealTrends Verified announcement, LPT placed 162 teams and 155 individual agents on the rankings and claimed eight of the national Top 14 — a concentration RealTrends noted was unmatched by any other brokerage on the list.
Eight of fourteen. From a company that did not exist five years ago.
You can dismiss one big team as an outlier. You cannot dismiss eight of the top fourteen, plus a swept tier, plus 162 placements. At that point the pattern is the product. According to Real Estate News, Palmer's read on why is blunt: "Teams have no geographic protections and no franchise ownership. And so teams are working harder."
How Does LPT Realty Revenue Share Actually Work?
Revenue share is where most brokerage comparisons turn into religion, so let me describe the mechanics rather than the mood.
Revenue share pays you a percentage of company dollar generated by agents you sponsor into the brokerage. Every model in this category — eXp, Real Broker, LPT — works on that principle. The differences are in the rules, and LPT's rules are deliberately tilted toward production over recruiting:
- Revenue share applies to your cap first. Your sponsorship earnings reduce what you owe the brokerage before they become income, which is the difference between a program that lowers your cost of doing business and one that only pays after you have already paid.
- Fewer Active Direct Sponsored Agents are required to unlock the tiers than in comparable models.
- Agents cannot offer incentives for sponsorships. No cash, no gifts, no side deals to win a signature. That rule exists to stop the model from degrading into a bidding war.
- No revenue share for the first 120 days. New agents learn the systems and the tools before they can earn from recruiting.
That last rule is unusual and worth respecting. It says, structurally, that the brokerage would rather a new agent learn to sell for four months than start recruiting on day one. If you have ever watched a downline-first culture eat a brokerage from the inside, you understand why that matters.
What Does the LPT Equity and IPO Story Mean for Agents?
On July 30, 2026, at Inman Connect San Diego, Robert Palmer confirmed that LPT is moving toward a public offering. Parent company LPT Aperture Holdings — LPT Holdings, Inc., "LPTA" — filed a draft registration statement on Form S-1 with the U.S. Securities and Exchange Commission for a proposed initial public offering of common stock.
According to RISMedia, the offering is expected after the SEC completes its review, subject to market conditions. The company has not disclosed timing, offering size or price range.
Here is how to hold that responsibly. A draft S-1 is a real, verifiable step — it is a filing, not a press release. It is also not a completed IPO, and no one can tell you what the stock will be worth, including anyone who tries. According to the SEC, a draft registration statement is subject to review and may be amended or withdrawn.
What it means practically for an agent is narrower and more honest than the recruiting version: agents who earn equity in a private company that later lists have a path to liquidity that agents at a franchise brokerage structurally do not have. That is a real difference. It is not a guarantee, and any recruiter who presents it as one is telling you something about themselves.
How Does LPT Compare to Keller Williams?
Keller Williams is the brokerage most agents in this conversation came from, so let us be fair about it.
KW built the modern model: profit share, a real training culture through KW MAPS, market centers with actual leadership, and BOLD as a genuine business-building program. If you are early in your career and you need to be taught the fundamentals in a room full of people doing the same thing, a strong market center is still one of the better places in this industry to learn.
The structural differences are franchise fees, the cap varying by market center, and the profit-share model paying from market center profitability rather than from company dollar directly. Profit share is real money for people with deep downlines, but it depends on the profitability of offices you do not control.
For a team leader specifically, the KW question is whether your market center's cap structure and your franchise royalty leave enough on your side of the table at scale. At thirty, fifty or a hundred agents, that arithmetic tends to answer itself.
How Does LPT Compare to eXp Realty?
eXp is the closest structural comparison and deserves genuine credit — it proved the cloud brokerage model works at national scale, and eXp World Holdings is a public company, which means its agents have had equity with a real ticker for years.
The differences that matter:
The cap. eXp is 80/20 to a $16,000 cap for solo agents. LPT's Business Builder plan caps at $5,000. For a producing agent that is an $11,000 annual difference before anything else is counted.
The team cap. eXp cuts team members to $8,000. LPT does not cut it, because its standard cap is already lower.
Fees. eXp carries monthly technology and other recurring fees; LPT has no monthly fee on either plan.
If your entire practice is built inside eXp's world — the campus, the collaboration, the downline you have spent five years building — that has real switching cost and I would not pretend otherwise. But if you are choosing today with no downline at either, the cap math is not close.
How Does LPT Compare to Compass?
Compass competes on brand, technology and marketing spend, particularly at the luxury end. In the markets where the Compass name carries weight with sellers, that is a legitimate asset.
The tradeoffs are that splits are individually negotiated and frequently less favorable than a capped model at volume, and that agent-facing costs vary substantially by market and by what was negotiated at signing. If you are a high producer who negotiated hard, Compass can be competitive. If you are a mid-tier producer on a standard split, the annual difference against a $5,000 cap is usually large.
For luxury specifically, LPT's answer is Aperture, a sister luxury brand under the same holding company. Whether Aperture carries the same weight as an established luxury name in a given market is a fair question to ask locally — brand equity is regional, and anyone who tells you otherwise has not sold in enough markets.
How Does LPT Compare to RE/MAX, Coldwell Banker, and Century 21?
These are the legacy franchise brands, and they share a structure: local franchise ownership, brand recognition built over decades, and a fee stack that includes franchise royalties.
RE/MAX has historically appealed to experienced agents through high-split and fee-based plans, and the brand still converts with a certain generation of seller. Coldwell Banker and Century 21, both under Anywhere Real Estate, bring national brand recognition, relocation networks and structured training.
The honest comparison is this: you are paying a franchise royalty for brand and infrastructure. If your business is genuinely driven by that brand — if sellers call you because of the sign — that royalty buys something real. If your business is driven by your own database, your own marketing and your own reputation, as most experienced agents' businesses are, you are paying for an asset you are not using.
That is not an argument against franchises. It is an argument for auditing what you actually get.
How Does LPT Compare to Real Broker, Side, HomeSmart, and Fathom?
These are the models most often shortlisted alongside LPT.
Real Broker is the closest competitor in philosophy — capped split, revenue share, stock. Its team-member caps of $6,000 and $4,000 for mega teams are lower than eXp's, which is a genuine advantage over eXp. The structural critique still applies: the cap drops when an agent joins a team, so the brokerage earns less as your team grows.
Side is a different animal entirely. It is a white-label brokerage — you keep your own brand, Side runs the back end. For a team leader building a brand asset they intend to sell one day, that is a serious proposition. It is also selective about who it partners with and priced accordingly.
HomeSmart and Fathom Realty are flat-fee models with a long track record and low cost per transaction. If cost per closing is your only variable, they are legitimate contenders and always have been. The question is what comes with it — technology, team infrastructure, revenue share, equity — and how that stacks against LPT's combination.
Epique, United Real Estate, Berkshire Hathaway HomeServices, Sotheby's International Realty and Douglas Elliman each solve for a different agent. Sotheby's and Elliman in particular carry luxury brand weight that a newer brand cannot manufacture, and that is worth paying for in specific markets and specific price bands.
The point of listing all of them is that "which brokerage is best" is the wrong question. "Which brokerage is best for the business I am actually running" is the right one, and for a team, the cap structure answers it faster than anything else on the list.
What Does LPT Realty Cost Per Year in Real Numbers?
Let us do the arithmetic at four production levels on the Business Builder plan.
| Transactions | Pre-cap fees | Post-cap fees | Total annual brokerage cost |
|---|---|---|---|
| 6 | $3,000 | $0 | $3,000 |
| 10 | $5,000 | $0 | $5,000 |
| 24 | $5,000 | $2,730 | $7,730 |
| 50 | $5,000 | $7,800 | $12,800 |
Now compare that to a percentage. An agent closing 24 transactions at an average $8,500 commission is generating $204,000 gross. On a 70/30 split with no cap, the brokerage takes $61,200. On LPT's Business Builder plan, it takes $7,730.
That gap — roughly $53,000 in a single year — is why this conversation keeps happening. It is also why I would rather show you the table than tell you a story.
The caveat that keeps this honest: a split at a full-service brokerage may cover things you would otherwise buy yourself. If your brokerage genuinely provides leads, staff, transaction coordination and marketing that you would pay for at market rate, subtract that from the difference. For most experienced agents I have compared side by side, the subtraction does not close the gap. For some newer agents, it does.
What Technology and Support Do LPT Agents Get?
The platform includes agent-facing technology, CRM access, marketing tools, transaction management and training, with no monthly technology fee — the tools are included rather than billed.
I want to be measured here, because technology is the easiest thing for any brokerage to oversell. Every brokerage in this article claims a best-in-class platform. What actually differentiates operations at scale, in my experience running a 150-agent organization, is rarely the CRM. It is whether transactions get through compliance without three rounds of corrections, whether commission disbursement is reliable and fast, and whether someone answers when a deal is falling apart on a Saturday.
Ask about those three things specifically when you take the meeting. Ask to talk to an agent who had a problem, not one who was handed to you because they never did.
What Does Joining Look Like in Nevada Specifically?
Nevada has its own requirements and they are not optional.
Your license is held by a brokerage and transfers through the Nevada Real Estate Division. You will need your current broker's cooperation on the release, your license transfer paperwork filed, and your local association and MLS memberships updated — in Southern Nevada that is Las Vegas REALTORS and the GLVAR MLS, in the north it is the Northern Nevada Regional MLS.
Practical sequencing matters more than most agents expect. Pending transactions generally stay with the brokerage where they were written unless there is an agreement otherwise, so the cleanest moves happen in the gap after a closing wave rather than in the middle of one. Your listing agreements belong to your current brokerage, not to you, and moving them requires the seller's consent and the broker's release.
None of that is a reason not to move. It is a reason to plan the move rather than announce it.
If you are working across markets, the statewide picture matters too — a Nevada agent today may be serving Las Vegas, Henderson, Summerlin, Reno and the communities in between, where the client's standard is identical and we set it out in the best agent in Summerlin, and a brokerage licensed in all 50 states removes the friction from referrals that cross those lines.
What Does This Look Like From Inside a Nevada Team?
I will speak from our own numbers rather than in generalities.
Nevada Real Estate Group has closed more than 9,600 transactions and over $4.85 billion in volume across 16-plus years, with more than 150 agents and 9,061 verified five-star reviews. We closed 789 transactions and over $440 million in 2025 and we are ranked the #1 real estate team in Nevada and #44 in the nation.
What that scale teaches you about brokerage selection is specific: at a certain size, the brokerage stops being a place you go and becomes a set of terms you operate under. Every point of split, every fee, every cap tier compounds across every agent on the roster. A structure that is merely acceptable for one agent becomes materially expensive across a hundred.
That is the lens I would apply if I were you. Not "is this a good deal for me this year," but "is this a good deal for the business I intend to have in five years, at the size I intend it to be."
The agent roster, awards record and live property search are what a seller checks before signing — assets your brokerage economics either fund or starve.
What Does a Nevada Agent Actually Need to Service Clients Here?
Brokerage economics are only half the decision. The other half is whether you can actually deliver for a client once the split is settled, and in Nevada that means a specific set of capabilities.
You need real inventory access across both markets. A client relocating from California rarely announces which side of the state they want — they ask about Las Vegas homes for sale and end up buying in Henderson, or they start in Reno and finish in Sparks. An agent whose tools stop at one MLS spends the first three weeks of every relocation referring business away.
You need current new construction knowledge, because in this valley roughly a quarter to a third of transactions are builder deals, and builder deals fail differently than resale. You need to know which communities have special improvement districts on the parcel, which luxury communities are genuinely guard-gated versus gated, and what a base price does and does not include.
You need a working buyer process and a real seller listing program — not a folder of templates, but a marketing protocol that produces the same result whether the house is $400,000 or $4 million. Our explainer on listing agents versus buyer's agents is the version we hand newer agents. And you need a property search that clients will actually use instead of abandoning for a portal.
None of that comes from a brokerage cap. It comes from what you or your team have built. But the cap determines how much of your gross is left to build it with, which is exactly why the two questions belong in the same conversation.
For agents earlier in that build, our breakdown of what Las Vegas agents actually earn is a more useful starting point than any brokerage pitch, because it frames the income side before the cost side. The economics only matter relative to what you are producing.
Who Should NOT Join LPT Realty?
A recruiting article that cannot answer this question is not worth reading, so here is my honest list.
A brand-new licensee with no database and no mentor. You need daily accountability, scripts, roleplay and someone checking your work. A capped model gives you economics but it does not give you a coach. Join a team — at LPT or anywhere — or join a market center with a genuine training culture, and revisit the brokerage question in year two.
An agent whose business genuinely comes from the sign. If sellers call you because of a national franchise brand, that royalty is buying you something. Audit it honestly before you walk away from it.
An agent doing two or three deals a year. At that volume the difference between plans is a few thousand dollars, and the more valuable variable is the support that gets you to ten deals. Optimize for growth, not for cost.
An agent who wants an office to go to every day with a staffed front desk and a manager down the hall. That model exists and some people do their best work inside it. Be honest with yourself about whether you are one of them.
If none of those describe you — and if you run a team, none of them do — the arithmetic in this article is the argument.
How Do You Actually Make the Move?
Six steps, in the order that avoids problems:
Get your production numbers in front of you: transaction count, average commission, gross commission income for the last two full years. Model both LPT plans against your current structure using real figures rather than estimates. Confirm the Nevada license-transfer sequence and your pending-transaction obligations with your current broker. Decide the timing around your closing calendar, not around a recruiting deadline. Handle your listing agreements and client communication deliberately. Then file.
If you want that modeled against your actual numbers rather than a generic example, I will do it with you — including the parts that argue against moving, if that is where your numbers land.
Reach me directly at (775) 750-1700 — that is my line, not a call center. The Nevada Real Estate Group office line is (702) 637-1759 if you would rather start there. If you would prefer to look at the plans and start an application on your own first, my direct link is chrisnevada.lpt.com. And if what you actually want is to see how a Nevada team operates before you decide anything, our team page and the company background are both public — no form, no gate.
Frequently Asked Questions
What does LPT Realty stand for?
LPT stands for Love People Trust. The company was founded in 2022 by Robert Palmer and is headquartered in Lake Mary, Florida. It operates in all 50 states and Canada.
How much does LPT Realty cost per year?
There are two plans and no monthly fees. The Business Builder plan is $500 per transaction with a $5,000 annual cap, reached after ten transactions. The Brokerage Partner plan is an 80/20 split with a $15,000 annual cap. Both charge $195 per transaction after the cap.
Does LPT Realty have monthly fees?
No. Neither plan carries a monthly desk fee, technology fee or franchise fee. Your cost is transactional, and it stops at the cap apart from the $195 per-closing fee afterward.
What is the LPT Realty cap for team members?
The same as for solo agents. LPT does not reduce the cap for team members, because its standard Business Builder cap of $5,000 is already lower than the reduced team-member caps at competing brokerages, which run $8,000 at eXp Realty and $6,000 to $4,000 at Real Broker.
Why does a lower team-member cap at another brokerage matter?
Because it changes what the brokerage wants. When a team member's cap is half a solo agent's, the brokerage earns less every time a solo agent joins your team. Robert Palmer's stated view is that this creates a misalignment where the brokerage is disincentivized to see teams grow.
How many teams are at LPT Realty?
LPT placed 162 teams and 155 individual agents on the 2026 RealTrends Verified rankings, took eight of the national Top 14, and swept the newly created Enterprise tier for organizations with 51 or more licensed agents.
What is the RealTrends Enterprise tier?
A classification introduced by RealTrends Verified in 2026 that sits above the Mega tier and requires 51 or more licensed agents. It distinguishes organizations operating at company scale from large teams. LPT swept it in its debut year.
Is LPT Realty publicly traded?
Not yet. Parent company LPT Aperture Holdings — LPT Holdings, Inc. — filed a draft registration statement on Form S-1 with the SEC toward a proposed initial public offering. Timing, size and price have not been disclosed, and a draft filing may be amended or withdrawn.
How does LPT Realty revenue share work?
You earn a share of company dollar from agents you sponsor. LPT's rules apply revenue share against your cap first, require fewer Active Direct Sponsored Agents than comparable models, prohibit offering incentives in exchange for sponsorship, and withhold revenue share for an agent's first 120 days.
How does LPT Realty compare to eXp Realty?
eXp caps solo agents at $16,000 on an 80/20 split and team members at $8,000, and carries monthly fees. LPT caps at $5,000 or $15,000 depending on plan, applies the same cap to team members, and has no monthly fees. eXp's advantage is that it is already publicly traded with an established equity history.
How does LPT Realty compare to Keller Williams?
Keller Williams offers profit share, market center leadership and a deep training culture through programs like MAPS and BOLD. LPT offers a lower and more predictable cost structure with no franchise royalty. The tradeoff is training infrastructure versus economics, and it weighs differently for a new agent than for an established team.
How does LPT Realty compare to Real Broker?
Real Broker is the closest philosophical competitor — capped split, revenue share and stock. Real caps solo agents and team leaders at $12,000, team members at $6,000, and mega team members at $4,000. LPT's difference is that the cap does not fall when an agent joins a team.
How does LPT Realty compare to Compass?
Compass competes on brand and marketing technology, particularly in luxury, with individually negotiated splits. LPT competes on transparent, capped economics. A high producer with a strongly negotiated Compass split may find them comparable; a standard split generally will not compete with a $5,000 cap.
Does LPT Realty have a luxury brand?
Yes. Aperture is LPT's luxury sister brand under the same holding company. Whether it carries the same weight as an established luxury name varies by market, and that is worth evaluating locally rather than nationally.
Is LPT Realty good for new agents?
It can be, but the economics are not the reason. A new licensee needs accountability, scripts and supervision more than a low cap. The strongest path for a new agent at any brokerage is joining a productive team, and LPT's structure does not penalize you for that.
How do I transfer my real estate license in Nevada?
Your license is held by your brokerage and transfers through the Nevada Real Estate Division. You will need your current broker's release, the transfer paperwork filed, and your association and MLS memberships updated with Las Vegas REALTORS or the Northern Nevada Regional MLS.
What happens to my pending transactions if I switch brokerages?
Pending transactions generally remain with the brokerage where they were written unless the brokers agree otherwise, and listing agreements belong to the brokerage rather than to you. Plan the timing around your closing calendar and confirm the specifics with your current broker before you file.
Can I keep my team name if I move to LPT Realty?
Team branding is generally portable, subject to Nevada advertising rules requiring the brokerage to be at least as prominent as the team name and subject to any agreements with your current brokerage. Confirm both before you print anything.
How fast has LPT Realty grown?
From launch in 2022 to 21,055 active licensed agents, $23.62 billion in volume and 61,041 transaction sides in the 2025 RealTrends cycle — 11th nationally by volume and 7th by sides, and the only brokerage to enter the national top 10 in transactions within three years of launching.
How do I talk to someone about joining without a recruiting pitch?
Call me directly at (775) 750-1700 and bring your last two years of production numbers. I will model both LPT plans against your current structure, and if the math says stay where you are, I will tell you that. You can also review the plans yourself at chrisnevada.lpt.com.
Which Sources Inform This LPT Realty Guide?
Brokerage figures in this article come from RealTrends Verified rankings, company announcements and trade press reporting current as of August 2026: 21,055 active licensed agents, $23.62 billion in 2025 sales volume ranking 11th nationally, 61,041 transaction sides ranking 7th, third-place growth at plus $9.19 billion, 162 teams and 155 individual agents placed on the 2026 RealTrends Verified rankings with eight of the national Top 14 and a sweep of the Enterprise tier, and operations across all 50 states and Canada. Commission structures cited — $500 per transaction with a $5,000 cap, 80/20 with a $15,000 cap, and $195 per transaction post-cap — reflect publicly reported plan terms and are subject to change. Competitor cap figures for eXp Realty and Real Broker reflect publicly reported structures and should be verified directly with those brokerages before any decision. Nevada Real Estate Group production figures are our own. Nothing here is financial, legal or tax advice, and the IPO discussion describes a draft SEC filing rather than a completed offering.
- RealTrends Verified brokerage rankings — agent counts, volume, sides and growth
- RealTrends Verified 2026 rankings launch — tier methodology
- BusinessWire, LPT 2026 RealTrends Verified announcement — team placements and Enterprise tier
- Real Estate News, teams coverage — Palmer on teams and geographic protections
- Real Estate News, growth analysis — agent growth rate
- HousingWire, Palmer interview — brokerage economics
- RISMedia, IPO filing — Form S-1 draft registration
- U.S. Securities and Exchange Commission — registration statement process
- Nevada Real Estate Division — license transfer requirements
- Las Vegas REALTORS — Southern Nevada association and MLS
- National Association of REALTORS — industry membership and practice standards
- U.S. Bureau of Labor Statistics — real estate occupation data
