The latest on Compass

Buyers may have overpaid if they bought after the MRED-Compass deal, Hagens Berman says. Plus, lawyers debate fees in Tuccori; Gibson objector wants rehearing.

The firm’s NYC agents can get a $1K digital marketing package if they remove listings from StreetEasy before the portal’s policy updates take effect Sept. 17.

The division gives Compass clients a path for conducting transactions internationally while retaining the service they are used to in the U.S., the firm said.

The Washington state-based MLS will offer a new “First Look” listing option starting Sept. 4 as part of the settlement agreement.

The antitrust lawsuit claims that the brokerage’s outsized market share in the city and its push to remove listings from portals has caused rents to surge.

The Efron case, filed by Florida homebuyers, had accused the brokerage of unfairly and illegally adding a $475 fee to their 2024 home purchase transaction.

Neda Navab, who has known Compass’ CEO for over 20 years, says he “genuinely wants to build a better industry” for agents and their clients.

CEO Robert Reffkin cited “the wealth effect” as a revenue driver. He also criticized MLSs and portals, and suggested Compass could become the No. 1 search site.

The brokerage released an analysis of its listings showing that those posted on Zillow sold for 1.3% less than “banned” listings. Some experts disagree.

The alignment brings a strong and sizable partner to the upstart association, which now has the potential to substantially grow its ranks.

The company published new data today on more than 70,000 closed Compass listings that indicates pre-marketed homes sell for more and go under contract faster.

As part of an antitrust review, Robert Reffkin and Rebecca Jensen have been called upon to answer questions about their companies’ private listings partnership.

The portal, MLS and brokerage are anticipating a ruling on whether Zillow will retain access to MRED’s data feeds. The judge could decide as soon as next week.

At the Zillow vs. MRED/Compass preliminary injunction hearing, a judge listened to three irreconcilable theories. His ruling could have lasting consequences.

Execs from Zillow, Compass and MRED testified in Chicago on Wednesday in a hearing that could have implications for how listing rules can be enforced.

The Consumer Federation of America and other organizations warned that such deals raise “serious consumer protection, competition, and fair housing concerns.”

Homebuyers in Florida are alleging that the modification of their purchase contract to include a $475 brokerage fee was both “illegal” and “unreasonable.”

The ruling also granted Real’s request to compel arbitration. Plus, CoStar filing rejected in MRED case; Compass settles telemarketing complaint.

The court said the portal’s request for the allegedly “conspiratorial communications” was “unduly burdensome," but agreed to extend Zillow's TRO against MRED.

The state Attorney General’s office is gathering information about Compass’ market share in NYC following its acquisition of Anywhere, The Real Deal reported.