Tag Archives: exp

EXp punches back over criticism of ‘sweetheart’ commission deal

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The virtual brokerage argued Tuesday that it’s settlement wasn’t too small, and asked a court to reject attempts to force it back to the negotiating table. Continue reading →

EXp Realty updates agent revenue share model amid recruitment bid

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Starting Nov. 1, eXp agents will have access to new revenue streams, especially those who reach the virtual brokerage’s ICON status, eXp World Holdings CEO Glenn Sanford said at eXpcon Miami. Continue reading →

EXp Realty’s $34M settlement is a ‘sweetheart deal’: Gibson plaintiffs

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Lawyers filed motions Tuesday arguing eXp’s decision to come to a settlement in the commission lawsuit through a “reverse auction” should compel the brokerage to return to the bargaining table. Continue reading →

Maine team jumps to eXp Realty, citing commission suits as a reason

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Steven Brackett and his 36-agent team have moved to the virtual brokerage. Brackett cited tools and training, as well as the commission lawsuits, as reasons that convinced him to make the move. Continue reading →

Repealing Clear Cooperation invites catastrophic legal battles

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The repeal of Clear Cooperation, eXp Realty CEO Leo Pareja writes, could cause incalculable financial damage to the industry and erode the public’s trust in real estate professionals. Continue reading →

EXp agrees to pay $34M to settle antitrust commission lawsuits

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The brokerage was the third-largest by sales volume in 2022 and one of a relative few holdouts who had yet to settle lawsuits targeting the old status quo for real estate commissions. Continue reading →

Side debuts profit-sharing program, lays off staff members

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The PartnerUp Revenue Share program will give agents a cut of Side’s profit if they refer and mentor other agents. The program was one of several announcements the company made Monday. Continue reading →

EXp picks up 200-agent Hudson Valley indie brokerage

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As part of eXp, Grand Lux Realty will operate out of White Plains, New York. Founder Michael Levy touted eXp’s technology as one of the brokerage’s selling points. Continue reading →

Coldwell Banker recruits Boston team away from Compass

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Katherine Bell and Maddy Petrini are bringing their Bell and Petrini team to Coldwell Banker’s Back Bay office. The team has done $47 million in sales this year, according to the brokerage. Continue reading →

Gains and losses amid market shifts: Q2 2024 earnings

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The Q2 earnings are in: From Zillow’s revenue boost to RE/MAX’s struggles, Jessi Healey breaks down who’s up and who’s down. Continue reading →