eXp Sued by Shareholders Over Alleged Sexual Misconduct

1 Credits

eXp Sued by Shareholders

Shareholders have initiated legal action as eXp Sued by Shareholders in a major lawsuit. The case against eXp World Holdings, the parent company of eXp Realty, escalates as eXp Sued by Shareholders involves serious allegations of mishandling sexual assault cases. Filed by the Los Angeles City Employees’ Retirement System and the Building Trades Pension Fund of Western Pennsylvania, the lawsuit claims board members, including Glenn Sanford and Jason Gesing, failed in their fiduciary duties. As eXp Sued by Shareholders continues to make headlines, the lawsuit sheds light on allegations that these failures have caused significant harm to the firm.

The shocking expose also reveals that eXp Sued by Shareholders over allegations tied to creating a “culture of fear” at the company. Multiple reports point to eXp Sued by Shareholders stemming from failures to act on sexual misconduct complaints, allowing the issue to worsen. The lawsuit identifies eXp Sued by Shareholders for ignoring serious complaints to protect the company’s revenue. Additionally, this legal battle shows how eXp Sued by Shareholders brings awareness to how complaints were stifled at every level.

As eXp Sued by Shareholders has outlined in the case, serious accusations include former agents allegedly drugging and assaulting others at recruitment events. eXp Sued by Shareholders claims the board prioritized bonuses over safety.

While eXp Sued by Shareholders seeks compensation for damages, it also demands a commitment to a safer reporting system. In response, eXp World Holdings stated that it takes its responsibilities seriously as eXp Sued by Shareholders continues to unfold, with the company reiterating its zero-tolerance policy for misconduct.

Source: Link

NAR Challenges DOJ Investigation

Yesterday, the National Association of Realtors (NAR) has filed a writ of certiorari with the U.S. Supreme Court, seeking to challenge an appeals court ruling that permits the Department of Justice to reopen its investigation into the association. This action follows a July decision where the appeals court denied NAR’s request for a rehearing.

The case stems from a prior settlement in 2020, which concluded a DOJ investigation into NAR’s listing and agent compensation practices. That agreement mandated increased transparency regarding broker commissions. However, under the Biden administration, the DOJ withdrew this settlement in July 2021, citing concerns that certain NAR rules could harm consumers.

NAR argues that allowing the DOJ to retract its commitments sets a dangerous precedent, undermining trust in government contracts. The association emphasizes that such a shift could affect various contractual obligations across different sectors.

In its appeal, NAR contends that the government cannot simply discard contracts based on a change in leadership or policy. 

Source: Link

Citizens Insurance Faces Post-Storm Crisis

Florida’s home insurer of last resort, Citizens Property Insurance Corp, is facing serious challenges as it deals with the aftermath of Hurricanes Helene and Milton. With national companies leaving the market and local insurers canceling policies, Citizens now covers 1.3 million homes—three times more than five years ago.

These storms could result in billions of dollars in claims. Governor Ron DeSantis has warned that Citizens is “not solvent,” but it has a unique structure that allows it to avoid bankruptcy. If necessary, it can impose premium surcharges on policyholders and other insurance customers in Florida.

Citizens has access to $15 billion in reserves, bolstered by reinsurance, which should help manage immediate claims. However, if private insurers continue to withdraw, Citizens may have to raise rates and adjust coverage options.

Source: Link

About “3 Things You Need to Know” on OnTrack Agent.

3 Things You Need to Know” delivers concise, no-nonsense real estate news, ensuring that agents stay informed and ahead of the curve.

Stripping away editorial commentary, the show focuses on the key developments shaping the real estate industry and the broader U.S. economy.

Whether it’s market trends, legislative changes, or economic shifts, each episode distills the most important information into easily digestible segments.

Designed specifically for real estate professionals, “3 Things You Need to Know” equips agents with the insights they need to make informed decisions and thrive in a competitive landscape.

Stay connected to the pulse of the industry with timely updates that matter each weekday, Monday through Friday.

 

3 Things You Need to Know – Copyright 2024 – OnTrack Agent

Buy Now

---