EXp Realty taps healthcare exec to lead sustainability efforts
Former USANA Health exec Donald Cherry will now lead eXp Realty's sustainability efforts. Cherry is the 5th high-level hire or promotion eXp has made this year
by Marian McPherson Jul 26
EXp not 'doing broker-to-broker compensation' — with caveats
A much-discussed listing agreement update reflects upcoming NAR rules, but it doesn't bar sellers from offering compensation to buyers' agents
by Jim Dalrymple II Jul 24
Michael Valdes leaves eXp to lead LPT Realty global division
After 4 years at eXp Realty, Michael Valdes is moving to LPT Realty. After surpassing 10,000 agents in the US, the Florida-based brokerage is ready to expand internationally, executives told Inman
by Marian McPherson Jul 22
EXp promotes Troy Palmquist to VP of growth and product marketing
Industry veteran and DOORA co-founder Troy Palmquist has been promoted from eXp's director of growth to the VP growth and product marketing. Palmquist joined eXp in 2023
by Marian McPherson Jul 19
Star Florida Realtor, author Martha Melendez joins eXp Realty
Leaving Engel & Völkers, Melendez joins forces with Veronica Figueroa's leading eXp expansion team, The Fig Team, where she'll lead the team’s move into Florida's Space and Treasure Coasts
by Marian McPherson Jul 11
More homebuyers sue to upend how real estate agents get paid
Howard Hanna is the latest brokerage to be hit with a buyer commission suit seeking class-action status
5 ways commercial and residential real estate can cooperate now
A brokerage with access to a commercial division, Troy Palmquist writes, experiences a whole new way of serving clients, adding value and creating professional synergies
by Troy Palmquist Jul 1
Judge dismisses Nevada sex harassment case against eXp
Agent Misty Carter filed the case in January. A court order filed this week reveals that all the parties involved have now agreed to have the case permanently dismissed
by Jim Dalrymple II Jun 26
Compass, eXp, Redfin and others file joint motion to dismiss Batton 2
Defendants in the buy-side case, which also includes Weichert Realtors and United Real Estate, say the claims lack standing, are untimely and an attempt to 'parrot' arguments made in Batton 1
by Lillian Dickerson Jun 26
exp realty, exp
After a judge previously dismissed Sanford and eXp from the case, the woman behind the suit is seeking to more clearly connect them to the misdeeds of now-former agents
by Jim Dalrymple II Jun 18
eXp Realty
When an eXp agent dies, their heirs will get automatic access to their 'outstanding, unvested equity awards,' eXp World Holdings founder and CEO Glenn Sanford announced Wednesday
by Marian McPherson Jun 12
Douglas Elliman released from buy-side lawsuit known as Batton II
The case still names Compass, eXp, Redfin, Weichert Realtors and United Real Estate Group as defendants after Howard Hanna was previously released
by Taylor Anderson Jun 12
eXp Realty
A judge dismissed eXp Realty and founder Glenn Sanford from a sexual assault lawsuit that claimed both entities ignored the alleged actions of 2 star real estate agents for financial gain
by Marian McPherson May 29
NextHome CEO on the 'stupidest' part of the commission settlement
NextHome CEO James Dwiggins spoke at the inaugural Inman Connect Miami on Tuesday, arguing that clinging to the current status quo when it comes to commissions is a recipe for disaster
by Jim Dalrymple II May 21
EXp launches new coaching platform, eXp Elevate Coaching
EXp Realty's new coaching platform, eXp Elevate Coaching, features live and on-demand courses from the brokerage's top agents. The first round of classes starts in June
by Marian McPherson May 10
EXp sees revenue rise, but agent count dips again in Q1
The company earned $943M in revenue between January and March of this year. However, by the end of the quarter, agent count was down to 85,780
by Jim Dalrymple II May 1
Ex-eXp agent at center of sex lawsuit sues for defamation
Michael Bjorkman wants more than $20M. He says founder Glenn Sanford defamed him when discussing 'bad actors' and jail time on an earnings call
by Jim Dalrymple II May 1
EXp Realty promotes Kendall Bonner to VP of industry relations
A year after moving from RE/MAX to eXp Realty, Bonner has been chosen to lead the brokerage's industry relations efforts. She is also the leader of The Kendall Bonner Team in Tampa
by Marian McPherson Apr 30
eXp Realty
The company has promoted Amy Weaver to serve as a senior vice president over US growth. The promotion comes in the wake of C-suite shakeups at the brokerage
by Jim Dalrymple II Apr 30
EXp Realty taps Wendy Forsythe as new chief marketing officer
Industry sales, operations and strategy veteran Wendy Forsythe is eXp Realty's newest chief marketing officer, according to an announcement on Thursday
by Marian McPherson Apr 25
Sitzer | Burnett judge consolidates 2 nationwide commission suits
The Gibson and Umpa cases allege Berkshire Hathaway Energy, eXp, Redfin, Weichert, United Real Estate, Douglas Elliman, HomeSmart and others conspired against homesellers nationwide
by Andrea V. Brambila Apr 25
Teams Spotlight: Andrew Warburton, The Warburton Team
Find out how team leader Andrew Warburton and The Warburton Team promote the ideal of homeownership for everyone
by Troy Palmquist Apr 18
Recruiting War '24: For brokerages, headhunt pivots to cream of crop
Agent headcount — once a ubiquitous barometer of brokerage success — has faded, interviews and new Inman Intel Index results reveal. Instead, focus has shifted to 'the better and best agents'
by Jim Dalrymple II Apr 15
Recruiting War '24: Agents field new offers constantly, Intel finds
A slower market and a crowded brokerage landscape have shifted efforts from quantity to quality, new reporting and Intel survey results reveal. For agents, it's now an unavoidable aspect of the job
by Jim Dalrymple II Apr 8
Leo Pareja tapped as eXp Realty's new CEO, relieving Glenn Sanford
Pareja, who joined eXp Realty in 2022, previously served as its chief strategy officer. Founder Glenn Sanford will remain with the firm as CEO of parent company eXp World Holdings
by Jim Dalrymple II Apr 5
Broker Spotlight: Kristin Perkins, eXp Realty Utah
Find out what this Utah broker sees in the year ahead, and learn how she defines good leadership in today's topsy-turvy market
by Troy Palmquist Apr 4
New commission lawsuit in New York may draw FTC attention
The antitrust case from homebuyer and homeseller Hao Zhe Wang alleges MLS and broker services are illegally tied
Pennsylvania's No. 1 team leaves eXp Realty for Real Brokerage
The Jon Campbell Team, previously the Don Wenner Team, closed 2,250 home sales across $585M in sales volume in 2023. Technology and culture helped draw the team to Real
by Lillian Dickerson Mar 28
Who's out: The brokerages not covered in the NAR settlement
More than 90 brokerages would not be covered under the $418M deal, though most have the option of buying in
by Andrea V. Brambila Mar 20
How commission chaos divided the real estate industry into 4 factions
The verdict in the monumental Sitzer | Burnett commission case in Missouri — plus oversight by federal regulators — has splintered the industry as it scrambles to figure out how to move forward
by Taylor Anderson Mar 20
Take the Inman Intel Index survey for March
Opinion
The Inman Intel Index goes beyond sentiment and trends by tapping into the real estate industry's most engaged community. Add your voice to the industry's most ambitious monthly survey today
by Chris LeBarton Mar 20
EXp Realty paid $232M in revenue, equity share to agents in 2023
EXp Realty's agents and brokers received $232M in revenue share and equity benefits in 2023. The year's payout was a 4% decrease from 2022
by Marian McPherson Mar 12
Berkshire Hathaway Energy added to growing Gibson commission suit
Amended complaint alleges Warren Buffett's company abused the trust inspired by his name to encourage homesellers to use HomeServices and further alleged price-fixing conspiracy
Sexual assault complaint stresses Sanford's 'control' over eXp agents
Judge finds 4 agents have plausibly alleged that eXp Realty founder and CEO Glenn Sanford attempted a 'cover up' of alleged rapes by top agent recruiters in order to financially benefit
Compass, eXp notch more big recruiting wins
Compass has recruited New York-based brokers Tom Postilio and Mickey Conlon. Meanwhile, eXp added Calgary-based Sahil Chhabra and his team to its ranks
by Jim Dalrymple II Mar 1
The biggest wins, losses and news from Q4 2023 earnings
Real estate’s Q4 earnings calls have finally wrapped. From RE/MAX’s CEO exit to Airbnb’s $10B year, we’ve rounded up the top stories all in one place. Here’s what you might have missed
by Jessi Healey Feb 29
Commissions, objections, spring: Inman's Top 5 stories of the week
Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers
by Dani Vanderboegh Feb 23
EXp posts revenue uptick in Q4 — but not enough to turn a profit
The company best-known for its virtual brokerage brought in $983M in revenue between October and December, even as a difficult market took a toll, according to Q4 earnings released Thursday
by Jim Dalrymple II Feb 22
Nevada homeseller files yet another commission lawsuit
Angela Boykin is suing over a home sale from 2022. Her case is the 2nd such recent lawsuit out of Nevada and adds to the growing number of cases that have followed the Sitzer | Burnett verdict
by Jim Dalrymple II Feb 20
Mission accomplished: Real nets another eXp office
The Real Brokerage has surpassed 14K agents in total and continues to name new teams to its roster. The latest is another from eXp, Mission Realty of Richmond, Virginia
by Craig C. Rowe Feb 20
SERHANT. launches in Orlando with The Home Squad
The 16-member team led by Sarah and Mark Raumaker closed $86M in sales volume last year and has sold more than $260M in sales volume since its founding in 2018
New York Comptroller asks eXp to investigate sexual assault claims
The office of New York State Comptroller, which holds nearly 27,000 shares of eXp World Holdings stock, sent a letter to eXp CEO Glenn Sanford requesting he establish an investigative committee
by Ben Verde Jan 31
6 keys to building the team of your dreams in 2024
Team leaders Megan Romine, Ryan Butler and Elias Astuto discussed how enforcing standards, sharing responsibilities and staying engaged are key to creating a long-lasting business
by Marian McPherson Jan 24
Talk and tech tools to help agents thrive in 2024
Tech and team leaders who spoke at Agent Connect on Tuesday stressed how agents can think outside the box to provide solutions for themselves, their clients and other agents in the industry
by Lillian Dickerson Jan 24
New suit accuses eXp Realty, ex-team leader of sexual harassment
The suit claims that Chris Nevada, who was with eXp but has since left, offered to pay an employee for sex, made inappropriate comments and, ultimately, fired the woman
by Jim Dalrymple II Jan 18
Court says $200B commission suit against NAR must go forward
A federal court judge denied a request from the defendants to suspend the case pending the outcome of post-trial motions after the Sitzer | Burnett verdict
by Andrea V. Brambila Jan 18
EXp Realty lassos a pair of high-performing Texas teams
The Mike Seder Group and the Ronnie and Cathy Matthews Group join eXp as the battle for top agents continues to be one of real estate's defining stories
by Jim Dalrymple II Jan 4
New lawsuit accuses eXp of ignoring agent sexual assault
The suit accuses now-former eXp agents of sexually assaulting a woman and claims eXp failed to stop the 'abhorrent behavior.' It follows a similar case that began in February
by Jim Dalrymple II Dec 15
EXp Luxury celebrates its newest phase of international expansion
In addition to launching in Australia and New Zealand, the virtual brokerage also expanded its luxury program into South Africa and the United Kingdom
EXp scoops up 60-agent RE/MAX team in Canada
Justin Havre and his 60-agent team in Calgary are the latest big names to move brokerages as big-name firms compete for top talent
by Jim Dalrymple II Nov 20
Real estate CEOs: Big impact from commission suits 'improbable'
The bombshell verdict of Sitzer | Burnett rocked the real estate industry, but recent earnings reports suggest many of its most recognizable CEOs don't anticipate major disruptions
by Jim Dalrymple II Nov 17
EXp Realty CFO Jeff Whiteside announces departure
Whiteside, who has been with the company for 5 years, will stay until Dec. 1 to aid in the transition
by Ben Verde Nov 13
Mother of all commission suits filed in Illinois, this time by homebuyers
'Batton 2,' exponentially larger in scope than Sitzer | Burnett and the Moehrl commission suits, was filed last week in Illinois and takes aim at many of the defendants in another suit called Gibson
Sitzer | Burnett plaintiffs' attorneys in talks with Department of Justice
Disrupting the National Association of Realtors' use of multiple listing services as a 'vehicle for higher commissions' is at the center of talks, lawyer Michael Ketchmark told Inman exclusively
Will Q3 earnings keep real estate mired in a 'Groundhog Day' loop?
Real estate companies have been trapped in a repeating cycle of bad financial quarters. Will this latest round of earnings break the loop, or is the industry doomed to relive it?
by Jim Dalrymple II Nov 1
Sitzer attorney files new suit against Compass, Redfin, others
Michael Ketchmark filed the new lawsuit just moments after a jury sided with his clients in the Sitzer | Burnett case. The new suit claims another batch of companies committed a conspiracy
Late eXp icon Rick Geha honored with $100K fundraiser
The team founder suddenly passed away 1 week after eXp's annual conference in Las Vegas. The family is honoring him with a $100K fundraiser for the Oakland A's Make-A-Wish Community Fund
by Marian McPherson Oct 27
After Inman Connect chat, Troy Palmquist lands big role with eXp
Palmquist joined eXp's Michael Valdes on stage to talk recruitment at ICLV over the summer. Now, he's taking his 30-member team to eXp as the brokerage's new director of growth for California
by Daniel Houston Oct 5
EXp streamlines ExpressOffers iBuyer program with Opendoor deal
Opendoor is now the primary cash-offer solution behind eXp's ExpressOffers platform. Agents will soon be able to request a cash offer on qualified properties directly through an eXp dashboard
Top-producing LGBTQ+ Real Estate Alliance members earned $8.53B
The 3rd annual Top Producers list honors 388 agents and team leaders who raked in $8.53B in 2023 alone, reflecting the growing influence of LGBTQ+ agents in the industry, the Alliance says
by Marian McPherson Sep 20
eXp Realty
The Bean Group is the first team to join eXp Realty via the brokerage's new Boost program, which provides financial incentives to independent recruits, according to an announcement Tuesday
by Jim Dalrymple II Sep 13
EXp captures top-producing team in New York's Hudson Valley
The Virginia Corbett Home Team includes 16 agents and 5 staffers. The team's move to eXp comes as brokerages across the US compete for top talent that can still produce in a tight market
by Jim Dalrymple II Sep 6
NAR harassment, retaliation and evasion revealed in Times exposé
In interviews with 29 current and former NAR employees and leaders, including 19 who said they endured sexual harassment on the job, The New York Times described wrongdoing running not only through the trade organization but the subsidiaries and boards its executives currently sit on
Keller Williams cuts profit sharing for agents who fled to competitors
The franchisor will slash profit sharing for 'vested KW agents who actively compete with our brokerages' unless they return within 6 months, Keller Williams President Marc King said Tuesday
by Andrea V. Brambila Aug 23
In crucial Q2, real estate separated wheat from the chaff: Intel analysis
The biggest publicly traded brokerages and tech companies significantly slashed losses in the second quarter, restoring investor confidence, according to an Intel analysis of Q2 earnings data
by Daniel Houston Aug 16
A stock analyst reveals the 2 big winners from Q2 earnings season
Among the publicly traded real estate enterprises to release second-quarter earnings reports this month, 2 companies stood out for John Campbell, a managing director at analytics firm Stephens
by Daniel Houston Aug 16
How to 'attract' agents instead of 'recruiting' them
The key to success in attracting and retaining good agents lies in large part on a broker's mindset, speakers at Inman Connect Las Vegas said. And adopting a 'we' instead of a 'me' attitude
Successful agents show up, Robert Reffkin says in remote-work rebuke
During an Inman Connect panel on Wednesday, Compass' CEO argued the brokerage's in-person philosophy gives it an advantage over rival firms 'charging the least and giving you the least'
by Jim Dalrymple II Aug 9
Leverage AI for your social strategy in 2024 — but maintain authenticity
The AI revolution is officially upon us. There's a tasteful way real estate agents can utilize the tool in their social media strategy while staying true to themselves, speakers shared at Inman Connect
Real estate is having its Blockbuster vs. Netflix moment
At Inman Connect Las Vegas, real estate strategist Mike DelPrete explained the 'unfair advantage' of the low-fee business models and how agents are the ultimate solution
by Marian McPherson Aug 8
The ultimate guide to Inman Connect Las Vegas 2023
So you've decided to join us at Inman Connect Las Vegas. Bravo! Here's a day-by-day breakdown of the conference along with some tidbits to get the most out of your week in Sin City
by Marian McPherson Aug 8