Fewer transactions result in falling profits for eXp World Holdings in Q2

EXp’s revenue fell 13 percent from the second quarter of 2022 to $1.2 billion, and its gross profit decreased 10 percent to $96.5 million, according to an earnings call Thursday afternoon. Continue reading

EXp nabs top-producing Las Vegas agent and team

Bryan Knisley previously ran his own brokerage and completed stints at RE/MAX and Keller Williams. He’s bringing 27 agents with him to eXp, according to the company. Continue reading

EXp team leader accused of sexual assault seeks to protect sex tapes

EXp founder and CEO Glenn Sanford is now a defendant in the sex trafficking case and allegedly turned a blind eye to the assaults for financial gain, according to an amended legal filing. Continue reading

Eyes on inventory as Q1 earnings ramp up following a chilling 2022

Jay McCanless, a senior vice president of equity research at Wedbush Securities, reveals what he’ll be watching as publicly traded real estate companies post Q1 earnings this week and next. Continue reading

Meet the boomerang agents returning to their old brokerages

As the battle for agent count stalls amid a slow market, firms such as Compass are seeing former agents, lured away by promises of better tech and more opportunities, come back into the fold. Continue reading

EXp Canada appoints veteran agent John Tsai as new president

EXp Canada has appointed veteran real estate agents John Tsai, Nadia Habib and Nathalie Goodyer to three C-suite positions, according to the company. Tsai joined the brokerage in 2017. Continue reading

Blame it on the ‘volatile housing market’: Your Q4 2022 earnings roundup

As companies report their Q4 and full-year earnings, industry-watchers read the tea leaves for indications of what’s working now — and what’s likely to happen next. Continue reading

Lawsuit accuses eXp agents of sexual assault, drugging women

According to the suit filed Wednesday, Michael Bjorkman and David Golden took advantage of women while attending real estate industry events. Continue reading

Nearly two-thirds of brokerage sites aren’t displaying commissions

Consumer Federation of America: Despite an NAR rule change, only Redfin displays buyer-agent compensation in virtually all of the major cities examined. Continue reading