A third MLS today publicly rejected threats from Compass over listing rules, as New York-based OneKey MLS joined CRMLS in California and Unlock MLS in Texas in refusing to change policies despite significant back-channel pressure and legal threats from the mega-brokerage. In a release early this morning, OneKey CEO Richard Haggerty said the MLS would…
Compass and multiple top executives are facing a class-action lawsuit from an Anywhere stockholder focused on the merger between the two companies, with the plaintiff claiming that back-channel efforts to get the deal approved created risk for the company and misled investors. Filed late last week in federal court in New York City, the lawsuit…
Above, Sue Yannaccone. Photo by AJ Canaria WASHINGTON, D.C.—Compass International Holdings (CIH) COO Sue Yannaccone has been through a pretty big transition. Serving as president and CEO of Anywhere Brands for six years, she is now leading operations for the largest real estate brokerage in the world, as it seeks to reshape the industry on…
CRMLS is not waiting around for a promised lawsuit from Compass over its listing policies, filing its own federal lawsuit against the mega-brokerage late last night as a fight over exclusive inventory and listing control has once again spilled into federal court. In the 36-page complaint, CRMLS asked a federal judge in New York to…
Compass International Holdings recently sent multiple MLSs a letter requesting that they exclude Compass listing and agent data from feeds provided to recruiting software vendors, as the mega-brokerage continues to lobby for significant changes to MLS policies. In the letter, Compass expressed issues with MLS data supplied to vendors including Courted, BrokerMetrics and Brokerkit, noting…
Amid the evolving arms race for inventory, and policy disputes focused on listing access, Compass today launched what it is calling a website “redesign,” bringing a huge amount of “Coming Soon” listings from all its brands together in one place. Dubbed “See It First,” the mega-brokerage is pitching the new format as a way to…
Historic New York City brokerage Warburg Realty is shifting brands again, only a matter of months after its previous move. Back in July the brokerage had shifted from the Coldwell Banker brand as Coldwell Banker Warburg to the Compass brand as Warburg at Compass—a lateral move of sorts due to Compass’s acquisition of Anywhere brands…
In his continued movement of expanding seller choice across real estate, Compass CEO Robert Reffkin said he expects “more than 90% of MLSs to have rules that allow sellers to market both Private Exclusives and Coming Soons by the end of the year” during the company’s recent Q2 earnings call. In presenting to investors, Reffkin…
After recently aligning with REMAX in June for its first major coup, the American Real Estate Association (ARA) announced on July 28 that Compass International Holdings has officially joined the organization. As with REMAX, agents affiliated with Compass’s portfolio of brands will have the choice to become members of ARA. This landmark move gives agents…
The battle over private listings is playing out nearly everywhere—from statehouses and courthouses to brokerage offices and Wall Street boardrooms. As opponents and supporters of the practice make their cases, the debate looks vastly different depending on the venue. But one tool that is nearly always effective is data. And as the practice draws more…
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