Compass Buying Anywhere Real Estate in $10B Deal
Residential brokerage Compass has signed a deal to buy Anywhere Real Estate, the parent company of brands like Coldwell Banker and Better Homes & Gardens Real Estate.
Residential brokerage Compass has signed a deal to buy Anywhere Real Estate, the parent company of brands like Coldwell Banker and Better Homes & Gardens Real Estate.
The settlement in an antitrust suit against the National Association of Realtors seems to be having only small effects on buyer agent commissions.
A new report by researchers at investment firm Keefe, Bruyette & Woods is warning that the real estate industry could be upended by a trio of lawsuits over agent commissions, including one involving Massachusetts’ main multiple listings service.
Anywhere Real Estate’s $83.5 million settlement agreement and RE/MAX’s similar, $55 million settlement agreements in the so-called “bombshell” lawsuits together form a watershed moment.
Two of the biggest brokerages in the country will no longer require their agents to be members of the National Association of Realtors following settlements they signed in a pair of lawsuits challenging broker commission and MLS access rules.