Four brokerage giants are launching what they call “shared infrastructure” to keep listings shared broadly, seemingly in direct opposition to Compass and its campaign to undo cooperation-focused rules, in an initiative dubbed “Open Real Estate.” The four companies founding the initiative are Keller Williams, AGNT (parent of eXp and NextHome), HomeServices of America and Real…
After three years, a closely watched lawsuit centered on alleged sex trafficking and assaults at eXp events reached a settlement, just a few days after the trial began. The lawsuit, filed by eXp agent Anya Roberts against two former eXp recruiters—David Golden and Michael Bjorkman—reached a confidential settlement, according to court filings, two days into…
Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. Compass sues CRMLS over “mandatory submission” policies Shortly after the MLS filed its own suit against the brokerage, Compass has now filed a lawsuit against California-based CRMLS, asking a judge to prevent the…
Just one day before the case was to go to trial, eXp managed to evade court as a partial settlement was reached. In the settlement filed Oct. 18, eXp agent Anya Roberts officially reached a confidential settlement which resolves all claims against eXp Realty, Founder Glenn Sanford and parent company AGNT, Inc. The settlement only…
Back in 2022, half a dozen women came forward and filed a civil lawsuit against eXp Realty and its founder, Glenn Sanford, claiming that two “alpha agents” (Michael Bjorkman and David Golden) drugged and sexually assaulted them at company events. The women argued that Sanford and other eXp leadership ignored their complaints, as well as…
At Salt Lake City’s eXpcon on Oct. 8, eXp Realty and Newrez announced a new mortgage joint venture, Revenos Mortgage. According to a release, the project is powered by Newrez and designed to serve eXp Realty agents and their clients. The joint venture brings together eXp’s national brokerage scale and agent network with Newrez’s mortgage…
Above, Glenn Sanford, left, and Leo Pareja eXp Founder Glenn Sanford, chairman and chief executive officer of AGNT, Inc.—the parent company of eXp Realty and NextHome Inc.—announced Thursday that eXp CEO Leo Pareja will take the reins of the parent company, according to a news release. The leadership transition “marks the next phase of its…
Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. eXp denied judgment ahead of trial, though Sanford scores win Judge Andre Birotte of the federal central district of California ruled late last week that a jury will decide whether eXp is liable…
Real estate’s Multiple Listing Service (MLS) was built on a century of shared data and mutual trust among brokers. Now, a panel of industry executives says that trust between agents and consumers is fraying as more properties get pulled into private listing networks. And, increasingly, panelists warn trust and cooperation between rival brokerages is wearing…
As the real estate industry grapples with shifting consumer expectations, evolving technology, and increasing competition for listing data, REsides, Inc. is convening a panel of respected industry leaders to examine one of the most consequential questions facing the business today: Who controls the listing? A live webinar titled, “The Listing Wars Aren’t Coming. They’re Already…
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