When the Compass-Anywhere deal closed in early January with little fanfare—only three months after it was announced—there were at least some raised eyebrows. A deal of that magnitude often elicits significant regulatory scrutiny, with multiple federal agencies given a chance over the course of months to examine how a merger will affect markets or whether…
Assistant Attorney General Gail Slater, who was overseeing the long-suffering Department of Justice (DOJ) investigation into the National Association of Realtors® (NAR), announced on social media yesterday that she would be resigning from the position, effective immediately. “It is with great sadness and abiding hope that I leave my role as (assistant attorney general) for…
Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. Trump’s DOJ outlines stance in new intervention in buyer case After months of silence—and some indications that it was backing off its most aggressive positions—the Department of Justice (DOJ) under President Donald Trump…
After months of silence—and some indications that it was backing off its most aggressive positions—the Department of Justice (DOJ) under President Donald Trump is again addressing what it describes as “anticompetitive rules, policies and practices in the residential real-estate industry” as it intervened in yet another commission case last week. In a 23-page “statement of…
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…