eXp World Holdings agrees to $34M settlement to resolve multiple real estate commission lawsuits

eXp World Holdings, Inc.

Settlement amount of $34.0M into qualified fund; 50% due within 30 business days after preliminary approval, balance by 1-year anniversary.
Resolution covers nationwide claims in Hooper, Gibson, Grace, and other lawsuits against eXp, its affiliates, and independent contractor agents.
Company also agrees to certain changes in business practices; no admission of liability; denies material allegations.
Expects to pay settlement from available cash; pre-tax charge of $34M; subject to preliminary and final court approval.

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