"International - Reffkin sees the whole world as a possibility, and this transaction will bring together approximately 340,000 real estate professionals globally onto a shared network operating in every major U.S. city and serving approximately 120 countries and territories. Affiliates - the mortgage, escrow, title insurance, and relocation services are nice supplements to the sales business and Anywhere has had their affiliates in place longer than Compass has and presumably they're more profitable."
"Recruiting of agents should be enhanced as other options start to wane. Zillow needs to be reckoned with, and lawsuits are expensive and uncertain. It will be a long road before this deal is done, so let's see where it goes. But it has the potential to create a new future for buyers, sellers, and agents - mostly because Robert Reffkin gets it about supporting the agents every way possible so we can spend more time with our clients."
The transaction would combine approximately 340,000 real estate professionals into a shared global network operating in every major U.S. city and serving about 120 countries and territories. Affiliate services in mortgage, escrow, title insurance, and relocation would supplement the core sales business, with Anywhere’s affiliates having longer establishment and presumed higher profitability. Agent recruiting is expected to improve as alternative options wane. Zillow represents a major competitor and litigation against it is costly and uncertain. Near-term downside includes a 15% drop in Compass shares and a lengthy path to deal completion.
Read at Boston Condos For Sale Ford Realty
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