Real Estate

Women at Fast-Growing Realty Firm Say They Were Drugged and Assaulted

The closing night party at the annual conference of eXp Realty was — in the company’s own words — “epic.”

The $2 billion company is one of the fastest growing brokerages in the world, with nearly 90,000 agents. And on this night in October, eXp was showing off.

Inside the Omnia nightclub at Caesar’s Palace in Las Vegas, more than 5,000 real estate agents packed into the dark alongside an open bar. A chandelier that looked like a spaceship flashed its kinetic lights as the crowd gyrated until the early hours, confetti falling from the ceiling.

It was a declaration of eXp’s culture: Work hard, play harder — and build wealth in the process. But in more than 30 interviews with current and former eXp agents, women said the culture has an underbelly. The company’s highest earners are granted star status, and allegations of misconduct are ignored.

In two lawsuits,

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Real Estate

Yang Huiyan: One of China's richest women takes over Country Garden for her father


Hong Kong
CNN
 — 

One of China’s richest women has fully taken over Country Garden, a top real estate developer, after her father resigned, which added to a string of prominent entrepreneurs retreating from their posts during a historic downturn in the property market.

Yang Huiyan succeeded her father Yang Guoqiang as chairman of the company that he founded, according to a Wednesday filing to the Hong Kong stock exchange, which said the appointment took effect the same day.

Yang, 68, also known as Yeung Kwok Keung in Cantonese, had tendered his resignation from the position of chairman “due to age,” the statement said.

The elder Yang was a farmer and construction worker before he founded Country Garden in 1992. In little more than a decade, he grew the firm into one of the largest real estate developers in the country.

The company boasted a record-setting $1.7 billion IPO in

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