Recently, Compass, a real estate brokerage firm, has been in the news due to a lawsuit in Missouri where six home sellers challenged the rules set by a real estate trade group regarding commissions. The sellers argued that these rules led to inflated fees, and they successfully made their case against the powerful trade group.
Compass is a prominent real estate brokerage firm that was founded in 2012 by Ori Allon and Robert Reffkin. The company has gained attention for its use of technology and data in the real estate industry, aiming to modernize and streamline the buying and selling process. Compass has rapidly expanded across the United States, offering services to both buyers and sellers in various real estate markets. The firm has attracted significant investments and has been recognized for its innovative approach to real estate transactions.