The industry-shaking deal by Compass to acquire Anywhere officially closed today, creating a $10 billion brokerage behemoth that is likely to shift the power balance in real estate both short- and long-term, and shifts ongoing debates around listing transparency significantly more weighty. In a regulatory filing today, Compass said that the merger—first announced back in…
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…
The Government Accountability Office (GAO) has launched an investigation into Federal Housing Finance Agency (FHFA) Director Bill Pulte over concerns he may have abused his position and government resources to target political opponents of President Donald Trump with criminal accusations. The probe, confirmed this week by the GAO—Congress’s independent investigative arm—and reported by Reuters follows…