House subcommittee probes Compass MRED private listing network deal

A House Judiciary subcommittee is pressing Compass International Holdings and Midwest Real Estate Data (MRED) to explain their nationwide private listing network partnership, citing concerns that the arrangement could limit transparency, reduce competition and harm homebuyers and sellers. The House Judiciary Committee’s Subcommittee on the Administrative State, Regulatory Reform and Antitrust sent separate letters on July 22, 2026, to Compass CEO Robert Reffkin and MRED President and CEO Rebecca Jensen requesting briefings on the companies’ use of private listing networks and their recently announced data partnership. The letters were obtained and verified by HousingWire. The letters, signed by subcommittee chair Rep. Scott Fitzgerald, R-Wis., say the panel is examining whether certain real estate companies are using private listing networks (PLNs) and similar structures “to insulate themselves from competition at the expense of consumers,” undercutting the goals of U.S. antitrust law. In April, MRED — one of the nation’s largest multiple listing services — announced a deal with Compass to expand its Private Listing Network nationwide, opening participation to agents outside MRED’s...