EXPI named in antitrust class action over buyer broker fees and commissions

eXp World Holdings, Inc.

Putative class action filed April 11, 2024 in South Carolina federal court (Case No. 7:24-cv-01800-JDA).
Alleges conspiracy to restrain trade by requiring sellers to pay buyer broker fees and inflating commissions.
Plaintiffs seek to represent sellers who used a listing broker on a MLS in South Carolina from Nov 6, 2019 to present.
Suit seeks permanent injunction, damages/restitution (amount unspecified), plus attorneys' fees and costs.
Company warns additional antitrust litigation possible and could have material adverse effect on business.

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