The parent company of residential real estate brokerage eXp Realty and its chairman, Glenn Sanford, were dismissed from a former agent’s lawsuit that claimed they benefited financially from her alleged sexual assault by two former eXp star agents and recruiters. Anya Roberts filed a lawsuit in December 2023, claiming she was given substances at eXp [...]read moreeXp and Glenn Sanford dismissed from sexual assault lawsuit
The former eXp Realty agent at the center of the firm’s current legal battles involving sexual assault allegations has filed his own lawsuit against the brokerage, which accuses founder Glenn Sanford of defaming him during the firm’s Q3 2023 earnings call in November 2023. In a suit filed on April 19 in Spokane County, Washington, [...]read moreFormer eXp agent accused of sexual assault sues the firm for defamation
While revenue rose at eXp World Holdings during the first quarter of 2024, the firm was still unable to turn a profit due to the challenging housing market. In Q1 2024, the company reported a $15.6 million loss compared to a net gain of $1.5 million in Q1 2023. Revenue at the parent company of [...]read moreeXp posts $15.6M loss in Q1 2024
“In many respects, in the (Biden) administration’s efforts to decrease the cost of housing and the cost of transacting housing, they have clearly indicated that they want to see downward pressure on commissions,” said Damian Eales, the CEO of Realtor.com parent company Move Inc. “The outcome of the antitrust actions and the settlement, and all [...]read moreTop brokerage execs see silver linings in commission lawsuits