eXp World Holdings named in antitrust class action lawsuit over buyer broker commissions

eXp World Holdings, Inc.

Filed Dec 27, 2023, in W.D. Mo.; case Umpa v. NAR (4:23-cv-00945-FJG).
Alleges conspiracy to fix buyer broker commissions, violating federal antitrust law.
Putative class: home sellers from Dec 27, 2019, through present who paid cooperating broker commissions.
Plaintiff seeks permanent injunction, declaratory relief, and unspecified damages/restitution.
eXp cautions additional antitrust litigation possible; cannot assure no material adverse effect.

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