Stockholders of Compass and Anywhere Real Estate have overwhelmingly approved the proposed merger between the two real estate giants, clearing the way for the $1.6 billion deal to close as early as Friday, Jan. 9. At special stockholder meetings held Wednesday, Jan. 7, approximately 99% of votes cast at Compass’s meeting approved the proposal to…
Editor’s Note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. Federal judge rules Trump administration must find funding for CFPB The Trump administration’s latest attempt to block funding and operation of the Consumer Financial Protection Bureau (CFPB) hit a roadblock on Dec. 30.…
Anywhere Real Estate is facing legal challenges as its $1.6 billion merger with Compass moves toward a critical stockholder vote, with three lawsuits alleging insufficient financial disclosures in merger documents. According to an SEC filing on Dec. 29, three complaints have been filed by “purported stockholders of Anywhere” in New York and New Jersey courts…
The proposed deal for Compass to acquire Anywhere was almost certain to draw regulatory scrutiny from the beginning, due to the size and nature of the deal—nearly doubling the size of the company and consolidating somewhere around 500,000 annual transactions and 100,000 agents under one roof. What that scrutiny might look like became more clear…
A judge has ruled in defendants’ favor over the class certification dispute in the largest homebuying commission case: Batton vs. The National Association of Realtors® (NAR). Judge LaShonda A. Hunt granted a motion by defendants in the case, who include big brokerages along with NAR, ruling that the plaintiffs’ motions for Class Certification “stricken without…
Defendants in the largest homebuying commission case have filed a motion to strike or delay the plaintiffs’ class certification motion, arguing that a binding federal injunction from the Burnett case invalidates roughly 79% of the proposed class—buyers who also sold homes during a particular time period. The defendants, Anywhere, REMAX and Keller Williams, previously settled…
In its first financial report since being acquired by Compass in September, Anywhere Real Estate, in a Nov. 4 Q3 earnings call, showed $1.6 billion in revenue—a 6% increase from the previous year. The company said it is focused on achieving $100 million in cost savings for 2025 and has already identified all necessary savings.…
Above, Charlie Hunt, left, and Peter Hunt HUNT Real Estate has announced the promotion of fourth-generation leader Charlie Hunt to Chief Executive Officer. Current CEO Peter Hunt will transition to the role of Executive Chairman. HUNT Real Estate Corporation was founded as the Hunt Business Agency by Charles S. Hunt in 1911, a firm he…
ERA Live Moore in North Carolina has announced a partnership with Missouri-based Edge Realty, which will now do business as Edge Realty ERA Powered. The brand says the investment marks a creative collaboration aimed at supporting Edge Realty’s growth opportunities in southeast Missouri while preserving its identity and leadership. Both ERA Live Moore and Edge…
The Better Homes and Gardens® Real Estate brand has announced its newest affiliation in North Carolina. Better Homes and Gardens Real Estate Integrity Partners, the newly affiliated firm, is headquartered in downtown Asheville. The brand says this affiliation complements its existing footprint in the region, with many nearby offices that already serve Asheville and its…
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