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Is NAR the big loser in the Compass and Anywhere deal?
['Jim Dalrymple Ii']
Inman Real Estate News
Compass and Anywhere rocked the real estate industry Monday morning when they announced a $1.6 billion acquisition deal.
Throwing some weight aroundFor generations now, NAR has been the defining entity in the real estate industry.
In other words, Cofano explained, NAR is a product of a real estate industry that includes numerous smaller brokerages and brands.
“I think they’re going to push down a much different relationship with NAR, and NAR is going to be the big loser.”Phillip Cantrell, founder of Benchmark Realty, similarly suggested that NAR could take a hit from the deal.
Update: This story was updated after publication with additional commentary from real estate professionals, and with a statement from NAR.
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