eXp World Holdings settles class-action lawsuit for $34M, agrees to practice changes

eXp World Holdings, Inc.

Settlement amount $34M; 50% due within 30 business days after preliminary court approval, remainder within one year.
Resolves nationwide class action (1925 Hooper LLC et al.) over real estate commission practices; releases eXp and agents from claims.
eXp to implement practice changes: no rule requiring agent compensation offers, disclose commissions negotiable, no sorting by offers of compensation.
Settlement subject to court approval; no admission of liability; eXp expects a $34M pre-tax charge.
Payment to be made into a qualified settlement fund; company will record charge in financial statements.

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