Compass, a leading real estate firm, is reportedly in advanced talks to acquire its competitor HomeServices of America, according to a Wall Street Journal report on March 13. However, the CEO of HomeServices of America, Gino Blefari, has denied these claims.
Blefari stated that there are no discussions or agreements to sell HomeServices or any of its affiliated companies, including Berkshire Hathaway HomeServices (BHHS). This news comes just three months after Compass acquired @properties Christie’s International Real Estate for $444 million, making it a global player in the industry.
The potential acquisition raises questions about the ongoing Gibson commissions lawsuit, with Compass having already finalized a $57.5 million lawsuit against Berkshire Hathaway Energy as a defendant. For Compass CEO Robert Reffkin, this is a crucial moment, given that the National Association of REALTORS is nears a decision on whether to maintain or repeal the Clear Cooperation Policy, which he has been critical of.
Note: The article maintains the essential information while simplifying the text and adding some rephrasing for better clarity.
Source: https://chicagoagentmagazine.com/2025/03/13/compass-close-to-finalizing-homeservices-of-america-acquisition