
Real Estate Industry Faces Major Shake-Up with Lawsuits, Merger
The real estate industry faces major changes with Compass set to acquire Anywhere, creating a $10 billion brokerage, while new lawsuits target NAR and Zillow.
Daniel Levine is a business and legal affairs correspondent for Crezzio, focusing on major corporate litigation, regulatory challenges, and the economic impact of landmark court decisions. He specializes in the intersection of law, business, and public policy.
The real estate industry faces major changes with Compass set to acquire Anywhere, creating a $10 billion brokerage, while new lawsuits target NAR and Zillow.
Zillow is facing a class-action lawsuit alleging its agent referral programs mislead consumers and inflate home prices through undisclosed fees and high commissions.
Compass Inc. has agreed to acquire Anywhere Real Estate for $1.6 billion in an all-stock deal, creating a global network of 340,000 agents.
The law firm Ademi LLP has launched an investigation into Anywhere Real Estate's merger with Compass, citing concerns over shareholder value and board conduct.
Zillow faces a new class-action lawsuit over its agent referral program, while leaders at Rocket and Redfin signal a potential alliance and Opendoor names a new CFO.
Three Waikato real estate professionals have been fined a total of $21,000 for failing to disclose asbestos risks and misleading buyers about property access.
Tech giant Nexus Corp has won a significant legal victory, allowing it to proceed with its controversial $5 billion 'Nexus Sphere' campus development.