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Compass, America’s largest residential brokerage by sales volume, is making its boldest move yet. On Monday, Compass announced it will acquire Anywhere Real Estate, the second largest residential brokerage, for $1.6 billion. The combined company will have some 340,000 real estate professionals worldwide and represent over 1.2 million home transactions annually.

It’s the biggest brokerage consolidation in U.S. history, bringing Anywhere Real Estate’s brands like Coldwell Banker, Century 21, Sotheby’s International Realty, Better Homes and Gardens Real Estate, and Corcoran under the same roof as Compass’ tech-driven platform. Compass says the merger will diversify its revenue

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