Here’s the full story so far but you know what triggered this move.

Warren has to be as madder than Reffkin over the arbitrary penalties from the NAR, and their vig was 5x what Compass had to pay:

What will be the impact locally?

Combining the #1 and #2 brokerages will give us 1,800 to 2,000 agents who did $10 billion in volume last year. It should give us at least 30% market share in San Diego County, which is what Reffkin wants to have in the Top 30 metro areas. There will probably be more consolidations too.

If you’re an agent, come on over!