EXP WORLD HOLDINGS, INC. : Change in Directors or Principal Officers, Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K)

Item 5.02Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On January 26, 2023, the Board of Directors of eXp World Holdings, Inc. (the
“Company”) unanimously voted to increase the size of the Company’s Board of
Directors (the “Board”), which had previously been set at 7, to 8 members and to
appoint Peggie Pelosi, 67, as an independent director of the Company to fill the
vacancy, effective immediately. Ms. Pelosi was nominated by the Company’s
Governance Committee after a thorough review of the candidates’ background and
relevant experience as well as her qualifications as an independent director.

Ms. Pelosi has more than 20 years of experience as a sales and network
development professional and 15 years of experience as a corporate social
responsibility and sustainability practitioner. Currently, Ms. Pelosi serves as
the founding partner and strategic advisor of Orenda Social Purpose, positions
she has held since September 2005. Since 2015, she has also served as the
Executive Director of Innovators Alliance, a network of CEOs focused on
sustainable and profitable growth through innovation. Prior to her career and
academic work in corporate social responsibility and sustainability, Ms. Pelosi served as a member of USANA Health Sciences, Inc.’s (“USANA”) management team,
first as Executive Director of Sales for Canada from 1999 until 2000 and then as
Vice President of…