Glenn Sanford Out As eXp Realty CEO Amid Lawsuits And Scandals

eXp Realty has announced the appointment of Leo Pareja as its new Chief Executive Officer, effective immediately. He succeeds Glenn Sanford, who, according to a company release, will now fully dedicate his efforts to his position as Founder, Chairman, and CEO of eXp World Holdings.

Pareja brings over two decades of real estate experience, including his most recent stint at eXp Chief Strategy Officer since 2022. He has also played significant roles in the National Association of Hispanic Real Estate Professionals, serving as the founding president of the Metro D.C. chapter and later as the national president.

“Leo’s innovative and recognized industry leadership has elevated our agent-value proposition by reshaping referrals and lead-generation,” Sanford said via news release. “His deep industry experience and influence on our community have been profound, and I trust that under his direction, eXp Realty will further fortify its competitive advantage and deliver unparalleled value to our agents, further cementing our position as a ground-breaking leader in the real estate industry.”

In recent months, eXp has been at the center of a series of sexual misconduct lawsuits, some of which included accusations that Sanford failed to take action against accused agents because they were top recruiters. The brokerage has denied the allegations and the company statement announcing the leadership change made no mention of the lawsuits or accusations. 

Additionally, like many brokerages and real estate firms, eXp Realty has been named in some of the more than two dozen commission-related lawsuits filed in numerous states around the country.