Initial Statement of Beneficial Ownership (3)

FORM 3	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES	OMB APPROVAL OMB Number: 3235-0104 Estimated average burden hours per response... 0.5
	Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

1. Name and Address of Reporting Person ^*

Cofano Russell G.

2. Date of Event Requiring Statement (MM/DD/YYYY) 9/21/2016

3. Issuer Name and Ticker or Trading Symbol

EXP World Holdings, Inc. [EXPI]

(Last) (First) (Middle)

C/O EXP WORLD HOLDINGS, INC., 1321 KING STREET, SUITE 1

4. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director _____ 10% Owner
___ X ___ Officer (give title below) _____ Other (specify below)
President and General Counsel /

(Street)

BELLINGHAM, WA 98229

(City) (State) (Zip)

5. If Amendment, Date Original Filed (MM/DD/YYYY)

6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	96000 ⁽¹⁾	D
Common Stock	32000 ⁽²⁾	D

*Table II - Derivative Securities Beneficially Owned ( e.g.* , puts, calls, warrants, options, convertible securities)**
1. Title of Derivate Security (Instr. 4)	2. Date Exercisable and Expiration Date (MM/DD/YYYY)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivate Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security		6. Nature of Indirect Beneficial Ownership (Instr. 5)
Stock Option (Right to Buy)	⁽³⁾	7/29/2026	Common Stock	500000	$1.77	D
Stock Option (Right to Buy)	⁽⁴⁾	7/29/2026	Common Stock	150000	$1.77	D

Explanation of Responses:
( 1)	Reporting person received a grant of 96,000 shares of restricted common stock on July 29, 2016, which vest as to 1/16th of the award upon the completion of each three-month period after the grant date.
( 2)	Reporting person received a grant of up to 32,000 shares of restricted common stock on July 29, 2016, which shares are subject to both the achievement of performance milestones and time vesting.
( 3)	The stock option shares vest as to 1/16th of the award upon the completion of each three-month period, becoming fully vested after four years of continuous employment.
( 4)	The stock option shares are subject to both the achievement of performance milestones and time vesting.

Remarks:
Filed herewith - Exhibit 24 - Power of attorney

Reporting Owners
Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Cofano Russell G. C/O EXP WORLD HOLDINGS, INC. 1321 KING STREET, SUITE 1 BELLINGHAM, WA 98229			President and General Counsel

Signatures
/s/ Lance McKinlay, attorney-in-fact for Russell G. Cofano		10/19/2016
^** Signature of Reporting Person		Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*	If the form is filed by more than one reporting person, see Instruction 5(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note:	File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.