Compass Says Well-Positioned to Face Real Estate Industry Change

Nov. 6, 2023, 11:04 PM UTC

Real estate brokerage Compass Inc. said it’s well-positioned to negotiate any changes in the industry that may result from legal challenges to how agents are paid.

Comments by Chief Executive Officer Robert Reffkin on Monday were the first by Compass since a jury in Missouri awarded $1.8 billion to home sellers who alleged that the industry had conspired to keep agent commissions high. While Compass wasn’t named in that lawsuit, it’s among the defendants in a more-ambitious casethat’s seeking more than $100 billion in damages.

Along with a class-action suit in Illinois and a potential antitrust investigation by ...

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