Compass has announced plans to acquire Anywhere Real Estate for $1.6 billion, a move that would further consolidate its position in the South Florida real estate market. If the deal is completed as planned in the second half of next year, Compass will have more than 340,000 agents under its brand, representing about 20 percent of all Realtors in the United States.
Despite this growth, Compass will not hold a majority share of the national market. However, an analysis by The Real Deal indicates that the acquisition would secure Compass’s place as the leading brokerage in Miami-Dade County. In the 12 months ending in August, Compass and Anywhere brands together closed $9.5 billion in on-market sales in Miami-Dade.
Led by CEO Robert Reffkin, Compass will control five of the top ten brokerages in Miami-Dade following the acquisition. Alongside its own brand and Christie’s International Real Estate—which it acquired last year through a $444 million purchase of @properties—Compass will also own Coldwell Banker, Corcoran Group, Sotheby’s International Realty, Century 21, Better Homes and Gardens Real Estate, and ERA.
While Anywhere’s brands are expected to remain intact after the merger, Compass will absorb major competitors such as Coldwell Banker. This includes teams like Jills Zeder Group—led by Jill Eber, Jill Hertzberg and Judy Zeder—which was ranked as the top agent team nationally last year with $923 million in on-market sales.
Other prominent agents who will be part of the new company include Corcoran’s Julian Johnston, Mick Duchon and Eloy Carmenate. Combined, Compass and Anywhere agents accounted for about half of Miami-Dade’s top 25 agents by sales volume over the past year; their total dollar volume reached $3.4 billion.
The impact on agent recruitment remains uncertain. Some brokers suggest that consolidation could drive away those seeking smaller or more personalized firms. Mercedes Saewitz, senior vice president of operations at LPT Realty—a Florida-based national brokerage—commented: “You now have homogenized a bunch of brands under one brand. You are sort of losing the identity of it.”
Saewitz added: “People are digesting it, [but] there’s no rush of the gates. They’re not slated to close on this until Q2 2026,” she said. “I’m interested in seeing what the movement is from those brands into Compass.”
Industry observers note that this deal continues a trend toward consolidation amid shrinking profit margins for brokerages nationwide. Mike Pappas, CEO of Keyes Company—the largest independent brokerage firm in Florida—noted: “It’s a high volume, low profit business. Unless they’re going to transform the commission structure in their business, we don’t see how it’s going to be anything different than it’s historically been.”
Some competitors view these changes as an opportunity to attract talent or acquire office space as Compass aims to cut $250 million through efficiencies post-merger.
Reflecting on her time at Compass and industry trends overall, Saewitz said: “They just proved to the world that consolidation is the new normal for our industry.”
Sheridan Wall contributed reporting.
