Compass CEO Robert Reffkin Criticizes MLS ‘Monopoly’

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Compass CEO Criticizes MLS ‘Monopoly’ Amid Clear Cooperation Debate

Compass CEO Robert Reffkin made waves on Wednesday during an Inman on Tour session in Nashville, sharply criticizing the MLS’s Clear Cooperation policy. He argued that the policy consolidates too much power in the hands of a few and creates a “monopoly” in the real estate industry. Reffkin also warned that “data is the new oil,” emphasizing the growing control over market information.

However, his comments have drawn strong backlash from critics. They argue that Reffkin’s real estate giant is more focused on financial gain than the needs of buyers and sellers. Critics point to practices like pushing private exclusives, holding back inventory to sell internally, and running targeted ad campaigns designed to steer both agents and consumers toward Compass listings. One critic said, “It’s all financially motivated,” accusing Compass of using these strategies to recruit agents and generate leads by promising access to off-market properties.

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Fathom Holdings Reports Mixed Results for Q4 and Full Year 2024″

Fathom Holdings Inc. – NASDAQ Ticker symbol FTHM – a tech-driven real estate platform, has reported its financial results for the fourth quarter and full year of 2024. The company saw a strong 24% year-over-year revenue increase in Q4, reaching $91.7 million, driven by growth in its real estate brokerage and ancillary services. However, the quarter was affected by ongoing market challenges, including rising interest rates and one-time expenses, leading to a net loss of $6.2 million.

CEO Marco Fregenal remains optimistic, forecasting a return to profitability in Q2 2025, driven by acquisitions and cost reductions. Despite a slight dip in full-year revenue, down 3% to $335 million, Fathom is confident in its strategy, including agent recruitment and innovative commission plans.

The company’s 2024 highlights include launching Verus Title Elite, the acquisition of My Home Group, and a nationwide settlement related to the NAR lawsuit. Looking ahead, Fathom plans to strengthen its position in the real estate sector with continued investments in technology and strategic partnerships.

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Sharran Srivatsaa Steps Down as President of Real Brokerage”

Sharran Srivatsaa, the influential president of Real Brokerage, is stepping away from his role to join the company’s board of directors. The move, effective June 1, comes after just over two years with the company, a period during which Real saw explosive growth. CEO Tamir Poleg expressed gratitude for Srivatsaa’s leadership, praising his contributions while noting that the company is excited for his continued involvement in shaping strategy from the board.

Srivatsaa called the transition “bittersweet” but expressed confidence in the company’s leadership team and future prospects. Under his leadership, Real Brokerage achieved major milestones, including its first $1 billion revenue year in 2024 and a nearly 80% increase in agent count. Srivatsaa’s leadership style focused on agent morale and innovation, helping Real rise as a key player in the industry.

Real’s cloud-based revenue share model and strong company culture continue to be central to its success, with Srivatsaa optimistic about the company’s next chapter.

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