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Half of Anywhere Real Estate agents say they would consider leaving if Compass acquisition moves forward

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Anywhere Real Estate (NYSE:Z) survey of agents, fielded in late October 2025, found 53% would leave or might consider leaving if Compass acquires Anywhere, including 18% saying they "definitely will" leave within a year.

Survey highlights: 70% said selling on a private listing network is not in a seller's best interest; 23% expect the acquisition would negatively affect their business; and 98% said private listing networks could cause at least one negative market effect (reduced access for lower-income buyers, reinforced segregation, potential fair housing concerns, and competitive disadvantages for smaller brokerages).

Agent market sentiment cooled through 2025: short‑term optimism on transactions fell from 54% in Q1 to 37% in Q3, while 51% expect prices to rise over the next year.

Anywhere Real Estate (NYSE:Z) - un sondaggio tra agenti, condotto tra fine ottobre 2025, ha rilevato che 53% lascerebbero o potrebbero considerare di lasciare se Compass acquisterà Anywhere, inclusi 18% che dicono che "definiremo sicuramente" andranno via entro un anno.

Rilievi del sondaggio: 70% hanno detto che vendere tramite una rete di listing privata non è nell'interesse del venditore; 23% ritengono che l'acquisizione avrebbe un impatto negativo sul loro business; e 98% hanno detto che le reti di listing private potrebbero causare almeno un effetto negativo sul mercato (minor accesso per acquirenti con redditi bassi, segregazione rafforzata, potenziali preoccupazioni di housing equity, e svantaggi competitivi per le agenzie più piccole).

Il sentimento di mercato degli agenti si è raffreddato nel 2025: l'ottimismo a breve termine sulle transazioni è sceso dal 54% nel primo trimestre al 37% nel terzo trimestre, mentre 51% si aspettano che i prezzi aumentino nel prossimo anno.

Anywhere Real Estate (NYSE:Z) encuesta entre agentes, realizada a finales de octubre de 2025, encontró que 53% abandonarían o podrían considerar hacerlo si Compass adquiere Anywhere, incluyendo 18% que dicen que lo harán "definitivamente" dentro de un año.

Aspectos destacados de la encuesta: 70% dijeron que vender en una red privada de listados no es lo mejor para el vendedor; 23% esperan que la adquisición afecte negativamente a su negocio; y 98% dijeron que las redes de listados privadas podrían causar al menos un efecto negativo en el mercado (acceso reducido para compradores de ingresos bajos, segregación reforzada, posibles preocupaciones de vivienda justa y desventajas competitivas para corredores más pequeños).

El sentimiento del mercado de los agentes se enfrió en 2025: el optimismo a corto plazo sobre las transacciones cayó del 54% en el primer trimestre al 37% en el tercer trimestre, mientras que 51% espera que los precios suban durante el próximo año.

Anywhere Real Estate (NYSE:Z) 에이전트 설문조사는 2025년 10월 말에 실시되었으며 53%가 Anywhere를 Compass가 인수하면 이탈하거나 이탈을 고려하겠다고 응답했고, 그중 18%는 1년 이내에 "반드시 떠난다"고 말했습니다.

설문 주요 결과: 70%는 비공개 리스팅 네트워크에서의 매도가 매도인의 최선의 이익이 아니라고 답했고; 23%는 인수가 그들의 비즈니스에 부정적 영향을 미칠 것으로 예상하며; 98%는 비공개 리스팅 네트워크가 최소 하나의 부정적 시장 효과를 가져올 수 있다고 답했습니다(저소득 구매자의 접근성 축소, 차별 강화, 주거 공정성 우려 가능성, 소형 중개사의 경쟁력 약화).

2025년 동안 에이전트 시장 심리는 냉각되었습니다: 거래에 대한 단기 낙관은 1분기 54%에서 3분기 37%로 떨어졌고, 51%는 다음 해 가격 상승을 예상합니다.

Anywhere Real Estate (NYSE:Z) enquête auprès des agents, réalisée fin octobre 2025, a révélé que 53% partiront ou envisageraient de partir si Compass acquiert Anywhere, dont 18% disant qu'ils "partiront définitivement" dans l'année.

Points saillants de l'enquête : 70% pensent que vendre sur un réseau privé de listes n'est pas dans l'intérêt du vendeur ; 23% s'attendent à ce que l'acquisition affecte négativement leur activité ; et 98% estiment que les réseaux privés de listes pourraient entraîner au moins un effet négatif sur le marché (accès réduit pour les acheteurs à faibles revenus, ségrégation renforcée, préoccupations possibles en matière de logement équitable et désavantages concurrentiels pour les courtiers plus petits).

Le sentiment du marché des agents s'est refroidi en 2025 : l'optimisme à court terme concernant les transactions est passé de 54% au T1 à 37% au T3, tandis que 51% s'attendent à une hausse des prix au cours de l'année prochaine.

Anywhere Real Estate (NYSE:Z) Umfrage unter Maklern, durchgeführt Ende Oktober 2025, ergab, dass 53% gehen würden oder erwägen würden zu gehen, wenn Compass Anywhere erwirbt, darunter 18%, die sagen, dass sie innerhalb eines Jahres "auf jeden Fall gehen werden".

Umfragehöhepunkte: 70% sagten, dass der Verkauf über ein privates Listennetzwerk nicht im besten Interesse eines Verkäufers ist; 23% erwarten, dass die Übernahme ihr Geschäft negativ beeinflussen würde; und 98% sagten, dass private Listennetzwerke mindestens eine negative Marktauswirkung verursachen könnten (eingeschränkter Zugang für Käufer mit geringen Einkommen, verstärkte Segregation, mögliche Bedenken in Bezug auf fair housing und Wettbewerbsnachteile für kleinere Maklerbüros).

Die Marktstimmung der Makler kühlte sich 2025 ab: Kurzfristiger Optimismus bei Transaktionen fiel von 54% im Q1 auf 37% im Q3, während 51% einen Anstieg der Preise im nächsten Jahr erwarten.

Anywhere Real Estate (NYSE:Z) مسح أُجري على الوكلاء، أُجري في أواخر أكتوبر 2025، وجد أن 53% سيغادرون أو قد يفكرون في المغادرة إذا استحوذ Compass على Anywhere، بما في ذلك 18% قالوا إنهم سيغادرون "بالتأكيد" خلال عام واحد.

أبرز نتائج المسح: 70% قالوا إن البيع عبر شبكة إدراج خاصة ليس في مصلحة البائع؛ 23% يتوقعون أن الاستحواذ سيؤثر سلباً على أعمالهم؛ و< b>98% قالوا إن شبكات الإدراج الخاصة قد تسبب تأثيراً سلبياً واحداً على الأقل في السوق (تقليل الوصول للمشترين ذوي الدخل المنخفض، تعزيز الفصل، مخاوف محتملة بشأن الإسكان العادل، ومزايا تنافسية أقل للوسطاء الأصغر).

سوق الوكلاء شهد برودة في 2025: تفاؤل قصير الأجل بالنسبة للصفقات انخفض من 54% في الربع الأول إلى 37% في الربع الثالث، بينما يتوقع 51% زيادة الأسعار خلال العام المقبل.

Positive
  • 51% of agents expect home prices to rise over the next year
  • 47% of agents expect prices to hold steady in short term
Negative
  • 53% of Anywhere agents would leave or might leave if Compass acquisition proceeds
  • 18% of agents say they definitely will leave within a year if acquisition occurs
  • 23% of agents said the acquisition would negatively impact their business
  • 70% of agents say private listing networks are not in sellers' best interest
  • 98% of agents identified at least one negative impact of private listing networks

Insights

Survey shows material agent attrition risk and concerns over private listing networks that could harm Anywhere's business model and listing inventory.

About 53% of agents saying they would leave or might leave if Compass acquires Anywhere signals a meaningful retention risk for Anywhere Real Estate. Agent departures would directly reduce listing supply and local market coverage, which are core revenue and referral drivers for a brokerage that depends on large agent networks.

Key dependencies and risks include agent retention incentives, contractual non-compete or termination terms, and short-term listing flow. If departures concentrate in higher-volume agents or key markets, the revenue impact magnifies. Watch agent churn rates and any retention packages announced within the next 3–12 months.

High agent opposition to private listing networks raises reputational and regulatory scrutiny risks for a combined Compass-Anywhere firm.

Surveyed agents show strong opposition to private listing networks: roughly 70% say private listings are not in sellers' best interest and 98% flag at least one negative impact, including potential fair housing concerns. Such widespread negative sentiment creates reputational friction and could invite regulatory attention or litigation risk if practices are viewed as reducing access or disadvantaging protected groups.

Concrete items to monitor include any formal regulatory inquiries, public complaints, and legal filings in the coming 6–18 months, plus messaging and policy changes from the combined brokerage about listing visibility. Also track agent departure disclosures and market-level listing volumes for early signs of material business impact.

About 70% of Anywhere agents surveyed said it is not in a seller's best interest to sell their home on a private listing network

SEATTLE, Nov. 6, 2025 /PRNewswire/ -- About half (53%) of Anywhere Real Estate agents in a new survey say they would leave or might consider leaving their brokerage if the intended Compass acquisition of Anywhere moves forward — a signal of unease within one of the nation's largest real estate networks.

According to the recent Zillow® survey, 18% of Anywhere agents surveyed say they "definitely will" leave their brokerage in the next year if Compass acquires Anywhere. Another 35% of agents surveyed say they "might consider" leaving Anywhere. Nearly a quarter (23%) of Anywhere agents surveyed said the acquisition would have an overall negative impact on their business.

The survey, fielded in the second half of October, highlights the broad sentiment in the industry over the rise of private listing networks, which Compass uses as a strategy to market homes. While some agents see potential business advantages in keeping listings hidden within a closed, in-brokerage network, including using it to recruit new clients, others worry that limiting transparency through the spread of off-market listings will artificially lower sale prices, reduce access for buyers and erode trust in the marketplace.

About 70% of Anywhere agents surveyed said it is not in a seller's best interest to sell their home on a private listing network. More than half (55%) of Anywhere agents surveyed said the brokerage (34%) or agent (20%) is the biggest beneficiary of private listing networks, followed by sellers (16%) and buyers (12%). Those results point to agents' understanding that private listing networks exist to benefit the brokerage through recruiting and added commissions, and not to help consumers.

Most importantly, an overwhelming 98% of Anywhere agents surveyed sent a clear message that they value openness and fairness in the market, saying private listing networks could have at least one negative impact, such as:

  • Reduced access for lower-income buyers
  • Reinforcement of racial segregation
  • Potential fair housing law violations
  • Competitive disadvantages for smaller brokerages and independent agents

Zillow's prior analyses have found that private listing networks have unintended consequences for sellers and communities:

Amid this debate over listing transparency, real estate agents grew slightly less optimistic about the housing market throughout the year, additional Zillow survey data shows. During the first three months of 2025, 54% of real estate agents expected more home sales in the coming months. Compared with 44% in Q2 (April–June) and 37% in Q3 (July-September).

Looking further ahead, medium-term expectations also softened: only about half of agents (53%) said they expect transactions to increase in the next month, compared with 66% in the first quarter of the year and 59% in the second quarter.

Despite cooling sentiment around sales activity, agents remain cautiously optimistic about home prices. In the short term, 35% expect prices to rise in the next 30 days, while 47% expect them to hold steady. Over the next year, 51% of agents expect prices to increase, and 26% expect them to remain roughly the same — largely unchanged from the previous quarter.

Perhaps reflecting these shifting dynamics, a growing share of agents now see the housing market as tilting toward buyers rather than sellers.

Zillow regularly publishes survey data on agent sentiment, transparency and other topics to empower the marketplace with information. For more of Zillow's research, visit zillow.com/research.

About Zillow Group
Zillow Group, Inc. (Nasdaq: Z and ZG) is reimagining real estate to make home a reality for more and more people. As the most visited real estate app and website in the United States, Zillow and its affiliates help people find and get the home they want by connecting them with digital solutions, dedicated real estate professionals, and easier buying, selling, financing, and renting experiences.

Zillow Group's affiliates, subsidiaries and brands include Zillow®, Zillow Premier Agent®, Zillow Home Loans℠, Zillow Rentals®, Trulia®, Out East®, StreetEasy®, HotPads®, ShowingTime+℠, Spruce®, and Follow Up Boss®.

All marks herein are owned by MFTB Holdco, Inc., a Zillow affiliate. Zillow Home Loans, LLC is an Equal Housing Lender, NMLS #10287 (www.nmlsconsumeraccess.org). © 2025 MFTB Holdco, Inc., a Zillow affiliate.

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SOURCE Zillow

FAQ

What percentage of Anywhere agents say they would leave if Compass acquires Anywhere (Z)?

A Zillow survey in late October 2025 found 53% of Anywhere agents would leave or might consider leaving if Compass acquires Anywhere.

How many Anywhere agents said they would definitely leave within a year if Compass completes the acquisition?

18% of Anywhere agents surveyed said they "definitely will" leave their brokerage in the next year if Compass acquires Anywhere.

What share of Anywhere agents believe private listing networks hurt sellers, according to the Zillow survey?

70% of Anywhere agents surveyed said it is not in a seller's best interest to sell on a private listing network.

What negative market impacts did Anywhere agents cite about private listing networks in the survey?

Agents cited reduced access for lower‑income buyers, reinforcement of racial segregation, potential fair housing concerns, and disadvantages for smaller brokerages.

How did agent sentiment about home sales change through 2025 in the Zillow survey?

Optimism fell from 54% expecting more home sales in Q1 to 44% in Q2 and 37% in Q3 of 2025.
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