"Federal or state authorities have already compelled Compass to divest itself of some of what it acquired when it bought @properties Christie's International Realty last year, so my first thought here is that they are going to run into the same situation with this deal, just on a much bigger scale, Steve Murray, the co-founder of RealTrends Consulting, said. As Murray sees it,"
"While Marx Sterbow, the managing attorney at Sterbcow Law Group, understands where the antitrust concerns are coming from, he doesn't believe this deal will trigger any issues. The market is so fragmented, they're not going to have more than 51% of the total U.S. real estate market, Sterbcow said. Maybe in some small markets they will hit 51%, but the reality is, is that the rest of the country will even things out."
Federal and state authorities previously forced Compass to divest parts of its acquisition of @properties Christie's International Realty. Regulatory pressure could require Compass to divest Anywhere holdings in markets where Compass already holds strong positions, including New York City, Chicago, and parts of California. Owning both Sotheby's and Christie's raises potential federal antitrust concerns. Some legal observers argue the U.S. real estate market is fragmented and Compass would not exceed a 51% national market share, though certain local markets could reach that level. The FTC and DOJ have reduced antitrust enforcement activity during the second Trump administration, resulting in fewer merger challenges.
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