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House Judiciary probes Compass, MRED private listing networks
Compass says phased marketing sales sold for 4.6% more and 34% faster, while Zillow and Bright MLS research tied off-MLS listings to lower proceeds.
HousingWire reports that the House Judiciary Committee’s antitrust subcommittee has opened a review of Compass and MRED’s private listing network partnership, focusing on whether it can encourage steering that favors brokerages over consumers.
According to HousingWire, the committee sent letters to Compass CEO Robert Reffkin and MRED CEO Rebecca Jensen on July 22, with responses due by August 5. Chairman Scott Fitzgerald said lawmakers are examining whether private listing networks are used to insulate companies from competition “at the expense of consumers,” including concerns that agents may be incentivized to direct sellers toward private listings so the brokerage can represent both sides of a transaction.
HousingWire adds that after the House action, Sen. Elizabeth Warren sent her own letter on August 6 seeking details on the partnership’s national expansion. Warren raised concerns including hidden inventory, weaker pricing information, fair housing risk, and consolidation, requesting replies by August 21.
In support of its approach, HousingWire says Compass analyzed 70,809 closed transactions listed between April 2025 and March 2026 and reported that homes using phased marketing sold for a 4.6% premium and 34% faster than homes listed directly to the open market. HousingWire also cites Zillow research using more than 15 million sales from 2023 through 2025, finding off-MLS homes sold for 1.3% less, totaling $1.36 billion in lower proceeds, with larger declines for lower-priced homes and communities of color.