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Stock impact report

Compass to share real estate listings that have yet to hit the market broadly with Redfin [Yahoo! Finance Canada]

Rocket Companies, Inc. Class A (RKT) 
The move could potentially bring more than 500,000 additional listings across Redfin's website and app, New York-based Compass and Detroit-based Rocket Cos., a mortgage lender and parent of Redfin, said in a statement. As part of the agreement, Rocket Mortgage will also offer “preferred pricing” to Compass' clients, including an interest rate reduction of 1 percentage point in the first year of their loan or a lender credit of up to $6,000. The pact, which comes as the spring homebuying season gets underway, gives Compass a wider platform to list its clients' homes. It comes as the company is in a legal tousle with Zillow after the popular real estate website stopped listing properties on its site that have were first advertised for sale elsewhere for more than a day. Typically, agents list a home for sale on any number of listing databases, known as the multiple listing service, or MLS, which online real estate portals source many of their listings. But, from a seller's vant Show less Read more
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