The agreement comes on heels of Lower's acquisitions of Neat Labs and Movoto — and takes place as mortgage lenders look to real estate brokerages to win more homebuyers
Opinion
How will the Compass-Anywhere merger impact the lives of everyday real estate agents? Coldwell Banker's Cara Ameer has questions
The upstart Compass had already grown to the top residential brokerage by sales volume. Now, it's moving to acquire its chief rival
RE/MAX affiliate, RE/MAX Premier, has purchased Compass's former North Shore offices, as the NYC-based brokerage consolidates locations after buying @properties Christie's International Real Estate. The agents in those offices are still with Compass
The deal is valued at around $444M, with $150M in cash and $294M in equity. If finalized, it would merge the nation's No. 1 brokerage by sales volume with the No. 8 largest brokerage