As the next heated step in its nationwide battle against MLS incumbents, Compass filed more than a dozen federal antitrust lawsuits against 15 MLSs today, carrying out a promised threat to take a bitter, long-running dispute over restrictions on off-MLS marketing to the courtroom. According to a release, Compass is accusing the MLSs in question…
Compass has announced a new Broker-to-Broker Cooperation Policy in order to “support cooperation.” The new Broker-to-Broker Cooperation Policy requires all agents of the brokerage to cooperate with other brokers and agents—including listings earmarked as Private Exclusives or Coming Soons—unless otherwise instructed by the client in writing, the brokerage stated. The policy—which is now added to…
Editor’s Note: The Mortgage Mix is RISMedia’s highlight reel of need-to-know mortgage-industry happenings. Watch for it every other Friday afternoon. The numbers: While mortgage rates had hit a peak and were nearing the high-end of the 7% range, they have now decreased for the third straight week to 7.18% for the 30-year fixed-rate mortgage and…
As Open Real Estate makes headlines around the future of listing flow and control, Compass CEO Robert Reffkin addressed the initiative in the company’s third quarter earnings call, saying Compass “welcome(s) this change.” Reffkin said that Open Real Estate’s plan “actually validates” Compass’s messaging over recent years, and he is “excited to see the four…
Compass International Holdings announced Tuesday that its affiliated real estate professionals can now access new concierge support for healthcare and retirement planning–two areas that are historically burdensome and complex for independent contractors. Affiliated real estate professionals who choose to participate will have access to healthcare and retirement planning experts who will provide guidance 365 days…
In another big move for the company, Compass International Holdings has announced a merger with fintech company Rate to unite the two companies’ mortgage ventures—Guaranteed Rate Affinity and OriginPoint—under the OriginPoint brand, becoming a top 10 national mortgage lender, according to a release from the two companies Guaranteed Rate Affinity was founded in partnership with…
Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. NAR defends Compass subpoena in private listing lawsuit The latest dust-up in the battle between now defunct PLS.com and the National Association of Realtors® (NAR) continues, as both parties await a judge’s decision…
Despite operating in “one of the hardest mortgage markets in a generation” that’s “punishing” for American families as described by its CEO, Rocket Companies reported Q3 adjusted earnings above Wall Street expectations, with shares rising about 3% in after-hours trading Oct. 29. Rocket reported a GAAP (Generally Accepted Accounting Principles) total revenue of $3.28B, up…
MAVERIX, a strategic advisory firm serving the real estate and PropTech industries, has announced that Anna Visioli has joined the firm as a strategic advisor. Visioli brings more than two decades of experience spanning technology, operations, digital marketing and enterprise strategy, most recently serving as senior vice president of Strategy and Implementation across the franchise…
Compass President Neda Navab outlined her vision for the next chapter of the brokerage at the company’s annual RETREAT in New Orleans, announcing new investments to strengthen connections among Compass agents, raise standards for agents joining the brokerage and expand the reach of the Compass brand. “While we’ve grown and changed a lot over the…
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