Number 1 ranked Brokerage in Sales Volume Acquires 8th Largest Brokerage

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Number 1 ranked Brokerage in Sales

Compass is making another bold move in the real estate world with a $444 million acquisition of @properties and Christie’s International Real Estate. Chicagoland-based @properties, the eighth-largest brokerage by sales volume, and Christie’s, with its network spanning 50 countries, bring significant strength to Compass’s growing brokerage empire.

According to Compass CEO Robert Reffkin, the acquisition is designed to “serve independent broker-owner entrepreneurs” while keeping the acquired brokerage brands operating “as is.” Co-CEOs Michael Golden and Thad Wong will continue to lead day-to-day operations, ensuring the companies work seamlessly together in what Reffkin describes as a “complementary union.”

This deal is part of Compass’s ongoing strategy to expand its brokerage operations. Earlier acquisitions included Latter & Blum, a respected Louisiana brokerage, and Parks Realty, a Tennessee-based brokerage known for its strong market presence. These moves highlight Compass’s focus on strengthening its position as a global leader in the brokerage industry.

With regulatory approval expected in 2025, this latest acquisition solidifies Compass’s status as a major player in real estate. The company’s approach allows acquired brokerages to maintain their unique identities while benefiting from Compass’s advanced technology and resources—a model that appeals to independent brokerages looking to scale without losing autonomy.

By uniting these top-tier brokerages, Compass is not just expanding its footprint but also redefining what it means to be a modern brokerage. The combination of technology, global reach, and localized expertise positions Compass to set a new standard for innovation in the brokerage world.

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NAR membership numbers holding steady

the National Association of Realtors® or NAR’s membership has remained relatively stable this year and has even grown since it dipped below the 1.5 million threshold in February.The New York and Virginia state associations lost the most agents, while California and Texas are both up by several thousand members each.However, there has been a wave of challenges to NAR’s mandatory membership requirements and traditional three-tier system from agents and others.

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Judge overruled most objections to the National Association of Realtors and HomeServices deals

NAR has secured final approval for its $418 million settlement with home sellers, resolving long-standing litigation over broker commissions. Judge Stephen R. Bough of the US District Court for the Western District of Missouri approved the deal, dismissing objections and emphasizing the benefits of injunctive relief for all class members.

The Justice Department continues to investigate residential real estate practices, stressing the settlement doesn’t prevent further action to address alleged misconduct. Concerns remain about provisions like requiring written agreements between buyers and brokers before home tours, which critics say could harm competition.

Steve Berman, representing plaintiffs, called the decision a victory, stating it will “pave the way for tens of billions in lower commissions for consumers.” The case, Sitzer v. NAR, included a $1.8 billion verdict against NAR last year, prompting significant changes to its business practices.

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