Each of the terms the “Company”, “eXp”, “we”, “us”, and “our” as used herein refers collectively to eXp World Holdings, Inc. and its wholly owned subsidiaries, unless otherwise stated.
This Annual Report on Form 10-K (the “Annual Report”) contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, that involve risks and uncertainties. Many of the forward-looking statements are located in Part I, Item 1 of this Annual Report under the heading “Business” and Part II, Item 7 of this Annual Report under the heading “Management’s Discussion and Analysis of Financial Condition and Results of Operations.” Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. For example, statements in this Annual Report regarding the potential future impact of macroeconomic conditions on the Company’s business and results of operations and expectations of growth, including as a result of investment in technology and entering into new markets, are forward-looking statements. Forward-looking statements can also be identified by words such as “future,” “anticipates,” “believes,” “estimates,” “expects,” “intends,” “plans,” “predicts,” “will,” “would,” “could,” “can,” “may,” and similar terms. Forward-looking statements are not guarantees of future performance and the Company’s actual results may differ significantly from the results discussed in the forward-looking statements. Factors that might cause such differences include, but are not limited to:
| ● | the impact of macroeconomic conditions on the strength of the residential real estate market; |
| ● | the impact of monetary policies of the U.S. federal government and its agencies on the Company’s operations; |
| ● | the impact of changes in consumer attitudes on home sale transaction volume; |
| ● | the impact of excessive or insufficient home inventory supply on home sale transaction value; |
| ● | the Company’s ability to attract and retain additional qualified personnel; |
| ● | changes in tax laws and regulations that may have a material adverse effect on the Company’s business; |
| ● | the Company’s ability to protect its intellectual property rights; |
| ● | the impact of security breaches, interruptions, delays and failures in the Company’s systems and operations on the Company’s business; |
| ● | the Company’s financial condition and reputation; |
| ● | the Company’s ability to predict the demand or growth of its new products and services; |
| ● | the Company’s ability to maintain its agent growth rate; |
| ● | the impact of adverse outcomes in litigation and regulatory actions against the Company and other companies and agents in its industry on the Company’s business, including the outcome of any settlements related to those actions; and |
| ● | the effects of inflation and continuing high interest rates on real estate transaction values and the Company’s operating results, profits and cash flows; |
as well as those risks discussed in Part I, Item 1A, “Risk Factors”, Item 3, “Legal Proceedings,” Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations”, and elsewhere in this Annual Report. The Company assumes no obligation to revise or update any forward-looking statements for any reason, except as required by law.
NOTE REGARDING INDUSTRY AND MARKET DATA
This Annual Report contains information based on industry publications or reports generated by third-party providers, or other publicly available information, as well as other information based on the Company’s internal sources. As noted in this Annual Report, the National Association of Realtors (“NAR”), and various Multiple Listing Service (“MLS”) systems are the primary source for third-party industry data and those systems generally state that the information contained therein has been obtained from sources believed to be reliable. We have not independently verified any of the data from third-party sources nor have we validated the underlying economic assumptions relied on therein.
