Want a hot take on Compass’ $1.6 billion deal for Anywhere Real Estate that you haven’t already heard? Let’s start from the top and work our way down. An industry veteran in L.A.’s high end jumped a few steps forward to conjecture about the end game. No, that doesn’t mean market share and stamping out competition. Those are the tactics to achieve the strategic end of Compass creating a proprietary marketplace that gives them more control over splits, suggested this executive, who requested anonymity. “I suspect this is not about creating a bigger brokerage per se because, at least for […]
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