The transaction includes two of the top four securities companies across the country by sales volume in 2024, according to data from. RealTrends confirmed. Compass ranked number one last year, winning $184.5 billion with over 177,000 home sales. Home Services ranked fourth, with nearly 236,000 sales at $133.8 billion.
The report will come in a few days Rocket Company Purchase agreement announced redfin In all share transactions worth $1.75 billion. The transaction is expected to close in the second or third quarter of 2025.
Compass is actively participating in the world of M&A. We announced the purchase in December Christie’s International Real Estate and @Properties. The transaction is expected to close in 2025, with Compass paying $444 million, including $150 million in cash and 44 million shares of Class A common stock.
Compass CEO Robert Reffkin has a proactive growth plan for the brokerage. He previously said the company wants to establish a 30% market share in 30 top markets nationwide.
Lefkin is also a voice critic, one of the most controversial rules in the real estate industry, and the clear policy of cooperation (CCP) established several years ago National Association of Realtors (NAR). Compass is about to terminate the rule so that it can establish a larger inventory of exclusive lists that don’t need to be published.
As of mid-February, 31% of all compass listings were sold as private monopolies, according to data compiled by industry consultant Mike Delprete. This represents 150% growth since July 2024.
Lefkin also states that the CCP is infringing on the rights of sellers who chose their home.
“I don’t think this is right. In Compass’s third quarter, 2024 revenue calls, Lefkin shouldn’t be forced to do anything that homeowners don’t want to do,” he said.
“The future we are creating is something that buyers know they search Compass.com. Where Compass Private Exclusivity and Compass are coming soon, we’ll list early where homeowners list their homes early and protect them from the risk of MLS exposure.”
NAR Leadership is expected to make decisions about the future of CCP by the end of March.
Buffett is the fifth-richest American with a net worth of $150 billion, according to the 2024 rankings. Forbes. However, Homeservices lost $107 million last year, according to a Berkshire Hathaway revenue report.
In December, Chris Kelly, executive vice president of Homeservices, told Housingwire that he feels ready to overcome the turbulence of industry in recent years and return to “the original DNA.”
“We are not heading towards 2025 with a full market recovery,” Kelly said. “We still have these cyclical market challenges ahead of us, and they will last, whether they are fees, inventory, or those challenges.
“But no matter what it is, the market, the regulatory challenges, the legal challenges, whatever it is, you can’t throw too much at us.
Meanwhile, Compass recorded a net loss of $40 million in the fourth quarter of 2024, roughly half of what was lost in the fourth quarter of 2023. Its national market share increased to 5.06% of all home sales from October to December, an increase of 65 basis points from the previous year. And it continued to attract agents in large numbers, finishing at over 17,700 with an additional 3,000 over the last year.
