eXp Realty Faces NY State Scrutiny Over Assault Allegations

Introduction

Meet our author, a seasoned financial analyst with a keen eye for real estate stocks. With years of experience in dissecting complex situations and their impact on the stock market, our author brings a unique perspective to the recent allegations against eXp Realty.

eXp Realty: A Brief Overview

eXp Realty, a subsidiary of eXp World Holdings, is facing scrutiny over allegations of sexual harassment and assault at company events. The New York State Comptroller, trustee of the New York State Common Retirement Fund, has asked the company to investigate these allegations.

The Allegations and Lawsuits

There are currently two lawsuits pending against eXp Realty by five women who worked as agents for the company. The lawsuits accuse eXp of creating a culture that enabled agents to be drugged and assaulted.

The Accused Agents

Two eXp agents, Michael Bjorkman and David Golden, are accused of drugging and sexually assaulting women during eXp recruiting events. A woman named Anya Roberts has filed a lawsuit against these two agents.

The Company’s Response

eXp Realty did not respond immediately to the comptroller’s action but stated in December that it has “zero tolerance” for such behavior. The company’s CEO, Glenn Sanford, and other executives are accused of violating a federal sex trafficking law by failing to take action following the assault allegations.

Impact on Investors and Stock Market

The state comptroller, as a shareholder, has expressed concern over the allegations. The impact of these allegations on the stock market and investors following eXp Realty’s stock is yet to be seen.

Conclusion

The sexual assault scandal at eXp Realty is growing, and the company’s response to these allegations will play a crucial role in shaping its future. Investors and business analysts are closely watching the situation.