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There will be a new place to see Compass\u2019 off-MLS listings besides its website.<\/p>\n
Compass International Holdings<\/a>, the company formed by the brokerage\u2019s deal for Anywhere Real Estate<\/a>, announced a three-year partnership in which its exclusive inventory will be syndicated to Redfin. The landmark agreement aligns the listings portal with the brokerage, which has been bullish on marketing its growing inventory of exclusive listings.<\/p>\n Compass\u2019 \u201cComing Soon\u201d listings, which currently appear on its brokerages\u2019 website but are not syndicated to other platforms, will immediately begin appearing on Redfin. It has plans to follow with its \u201cPrivate Exclusive\u201d listings, according to a press release.<\/p>\n The announcement comes just one month after Compass closed on its acquisition of Anywhere.<\/a> The partnership has the potential to bring 500,000 additional listings to Redfin when taking into account the off-MLS inventory of Compass and its subsidiaries, including Corcoran, Century 21, Coldwell Banker, Sotheby\u2019s International Realty and @properties, according to the company.<\/p>\n As part of the partnership, Compass\u2019 exclusive listings displayed on Redfin will not include days on market or price drop history, two things Compass CEO Robert Reffkin has referred<\/a> to as \u201ckillers of value.\u201d<\/p>\n \u201cWe believe listing agents should be connected directly with interested buyers, and sellers should have the freedom to list their homes in the manner and method they choose without fear of misleading insights that damage its value,\u201d he said in a statement.<\/p>\n Leads generated through Redfin will be directed to Compass agents. Rocket Mortgage will also offer preferred pricing to Compass customers, and its products will be embedded in Compass\u2019 platform.<\/p>\n The partnership also comes just over a month after longtime Redfin CEO Glenn Kelman stepped down. Kelman exited six months after Rocket Companies $1.75 billion acquisition of Redfin in July. Rocket CEO Varun Krishna has been filling in for Kelman since then.<\/p>\n As the head of Redfin, Kelman had led a push for requiring brokerages to display their listings across all platforms and on the MLS. In June, Compass sued Redfin as a co-conspirator in its antitrust lawsuit against Zillow where it claimed the two platforms colluded to prevent Compass from marketing its homes off their websites.<\/p>\n Compass announced its partnership with Rocket and Redfin less than an hour before its fourth-quarter earnings call.<\/p>\n The brokerage reported a net loss of $42.6 million for the quarter, roughly in line with its $40.5 million lost in the same time last year.<\/p>\n<\/p><\/div>\n The earnings are the last to not include some portion of results from the brokerages added through Compass\u2019 acquisition of Anywhere, although it did record a $10.6 million merger expense last quarter.<\/p>\n Compass\u2019 revenue was up 23 percent annually to $1.7 billion, outpacing the broader U.S. housing market, which grew by under 1 percent during the same time period, according to the National Association of Realtors. Organic revenue, or revenue excluding acquisitions made since Oct. 1, 2024, grew over 11 percent.<\/p>\n Compass\u2019 adjusted EBITDA was $58.3 million last quarter, up from $16.7 million in the fourth quarter of 2024, and the company reported free cash flow of $42.2 million.<\/p>\n The brokerage had $199 million in cash at the end of the quarter.<\/p>\n For the first quarter of 2026, Compass is projecting revenues of $2.55 billion to $2.75 billion, and adjusted between $15 million to $35 million, which includes $15 to $20 million of expenses related to Anywhere.<\/p>\n This article originally appeared on The Real Deal. Click here<\/a> to read the full story.<\/p>\n<\/p><\/div>\n