{"id":59563,"date":"2025-04-02T03:05:14","date_gmt":"2025-04-02T01:05:14","guid":{"rendered":"https:\/\/housesmarketplace.com\/homebuyer-sues-exp-accusing-agent-of-breaching-fiduciary-duty\/"},"modified":"2025-04-02T03:05:14","modified_gmt":"2025-04-02T01:05:14","slug":"homebuyer-sues-exp-accusing-agent-of-breaching-fiduciary-duty","status":"publish","type":"post","link":"https:\/\/housesmarketplace.trio-tv.com\/ru\/homebuyer-sues-exp-accusing-agent-of-breaching-fiduciary-duty\/","title":{"rendered":"\u041f\u043e\u043a\u0443\u043f\u0430\u0442\u0435\u043b\u044c \u0436\u0438\u043b\u044c\u044f \u043f\u043e\u0434\u0430\u043b \u0432 \u0441\u0443\u0434 \u043d\u0430 eXp, \u043e\u0431\u0432\u0438\u043d\u0438\u0432 \u0430\u0433\u0435\u043d\u0442\u0430 \u0432 \u043d\u0430\u0440\u0443\u0448\u0435\u043d\u0438\u0438 \u0444\u0438\u0434\u0443\u0446\u0438\u0430\u0440\u043d\u044b\u0445 \u043e\u0431\u044f\u0437\u0430\u043d\u043d\u043e\u0441\u0442\u0435\u0439"},"content":{"rendered":"
\n

Michael Ammann is back with another lawsuit against eXp Realty<\/a><\/strong> and parent company eXp World Holdings<\/a>.<\/strong>\u00a0<\/p>\n

Ammann filed his first suit<\/a> against eXp in December 2024. He accused the firm \u2014 along with executives Glenn Sanford<\/a>, Leo Pareja<\/a>, Patrick O\u2019Neill and James Bramble, as well as eXp agent Megan Featherston \u2014 of engaging in fraudulent practices, conspiracy and negligence. <\/p>\n

That suit alleges that despite eXp publicly advertising that its agents<\/a> may not act as contractors who provide home repair or renovation services on properties they represent \u2014 since doing so would be a conflict of interest \u2014 Featherston was allowed to serve in both roles in transactions she worked on with Ammann.\u00a0<\/p>\n

Ammann filed a new lawsuit last week and is again representing himself pro se. He claims that Featherston breached her fiduciary duty and lied to Ammann during his purchase of a property in the Cleveland<\/a> area in 2024. <\/p>\n

The suit was filed in U.S. District Court in Miami<\/a> and includes all of the same defendants as his earlier suit. It also lists Karla Sanders, eXp\u2019s agent compliance officer, and Sarah Ford, eXp\u2019s managing broker for Ohio, as defendants.<\/p>\n

In late February 2024, Ammann indicated to Featherston that he was interested in purchasing a property and requested a point of sale report, the lawsuit states.<\/p>\n

On March 2, he entered an offer on the property on an acquisition sheet for Featherston to submit. But he alleges that on March 9, Featherston did not submit his offer. Instead, she allegedly submitted an offer for a competing buyer \u201cwithout disclosing this\u201d to him.\u00a0<\/p>\n

\u201cOn March 13, 2024, Featherston knowingly misrepresented that a \u2018team member\u2019 had [the property] under contract, when in fact she had submitted an offer for her own buyer, thereby concealing a clear conflict of interest and acting in bad faith,\u201d the complaint states. \u201cOn a call that day, Featherston admitted to plaintiff she lied and had it under contract herself with another buyer.\u201d\u00a0<\/p>\n

A week later, Ammann alleges that Featherson submitted an offer to buy the property herself for less than the other client was offering without informing him.\u00a0<\/p>\n

Ammann claims that a similar chain of events happened with another property. <\/p>\n

This led him to the conclusion that the suit\u2019s other defendants \u201coperated a low-cost business model that intentionally licensed tens of thousands of agents, including Featherston, with minimal to no supervision or training, trying to maximize profits and minimize costs, consciously disregarding the extreme risk of harm to the public and enabling her breaches of duties, as evidenced by her wrongful acts against (him),\u201d the lawsuit states.\u00a0<\/p>\n

He is suing each of the defendants for breach of fiduciary duty. Featherston, eXp World Holdings and eXp Realty are accused of negligent misrepresentation, and all of the defendants except Featherston are accused of negligence and gross negligence.\u00a0<\/p>\n

Ammann is demanding a jury trial along with at least $450,000 in compensatory damages and $500,000 in punitive damages.\u00a0<\/p>\n

eXp did not immediately return HousingWire\u2019s<\/strong> request for comment.\u00a0<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Michael Ammann is back with another lawsuit against eXp Realty and parent company eXp World Holdings.\u00a0 Ammann filed his first suit against eXp in December 2024. He accused the firm \u2014 along with executives Glenn Sanford, Leo Pareja, Patrick O\u2019Neill and James Bramble, as well as eXp agent Megan Featherston \u2014 of engaging in fraudulent […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-59563","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"\nHomebuyer sues eXp, accusing agent of breaching fiduciary duty - Houses Marketplace<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/housesmarketplace.trio-tv.com\/ru\/homebuyer-sues-exp-accusing-agent-of-breaching-fiduciary-duty\/\" \/>\n<meta property=\"og:locale\" content=\"ru_RU\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Homebuyer sues eXp, accusing agent of breaching fiduciary duty - Houses Marketplace\" \/>\n<meta property=\"og:description\" content=\"Michael Ammann is back with another lawsuit against eXp Realty and parent company eXp World Holdings.\u00a0 Ammann filed his first suit against eXp in December 2024. 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