Compass
27 named things its latest annual report says its results depend on, each in the company's own words. 14 of them are also named by other companies we've read.
Customers
Largest real estate benefit program client
earns from · a substantial majority of the high-quality leadsnamed as a riskOur real estate benefit program revenues are highly concentrated, with one client-directed real estate benefit program contributing a substantial majority of the high-quality leads generated through our lead generation programs, and our client-directed programs are non-exclusive and terminable at any time at the option of the client.Business (Item 1)
Suppliers
Amazon Web Services
depends onnamed as a riskIn light of our reliance on Amazon Web Services and other third-party service providers, coupled with the complexity of obtaining replacement services, any disruption of or interference with our use of these third-party services could adversely impact our operations and business.Risk factors (Item 1A)
Also named by AAON, ABNB, ADSK, AIOT, BLK, CARR, CG, COF and 56 more
Partners and platforms
Guaranteed Rate, Inc.
depends on · 49.9% equity interestnamed as a riskOur partnership is structured as a non-exclusive joint venture, where we hold a 49.9% equity interest.Business (Item 1)
Title Resources Guaranty Company
22% equity interestnamed as a riskFollowing the Anywhere Merger, we also own a 22% equity interest in Title Resources Guaranty Company, a title insurance underwriter.Business (Item 1)
Sotheby’s (Sotheby’s International Realty license)
depends on · 9.5% of the net royaltiesnamed as a riskWe pay a licensing fee to Sotheby’s for the use of the Sotheby’s International Realty® name equal to 9.5% of the net royalties earned that are attributable to our Sotheby’s International Realty® brand franchisees, including our company owned offices.Business (Item 1)
Meredith Operations Corporation (Better Homes and Gardens Real Estate license)
depends on · 9.0% of the net royaltiesnamed as a riskWe pay a licensing fee to Meredith Ops for the use of the Better Homes and Gardens® Real Estate brand name equal to 9.0% of the net royalties earned that are attributable to Better Homes and Gardens® Real Estate brand franchisees, subject to a minimum annual licensing fee.Business (Item 1)
Multiple Listing Services (MLSs)
depends onnamed as a riskAdditionally, if the MLSs cease to be the predominant source of listing data, we might not be able to provide comprehensive listing data to real estate professionals at our owned-brokerage and their clients.Risk factors (Item 1A)
Christie Manson & Woods Limited (Christie’s International Real Estate license)
depends onnamed as a riskThe license agreement is terminable by CMW prior to the end of the license term if certain conditions occur.Business (Item 1)
Other companies
Anywhere Real Estate Inc.
named as a riskWe may be unable to successfully integrate Anywhere’s business and realize cost synergies and other anticipated benefits of the Anywhere Merger.Risk factors (Item 1A)
Cartus
named as a riskIf our largest real estate benefit program client or multiple significant relocation clients ceased or materially reduced volume under their contract with us, our revenue (including downstream revenue) and profitability may be materially adversely affected.Risk factors (Item 1A)
Industry antitrust commission class action litigation
named as a riskSuch changes could have a materially adverse effect on our business, operations, financial condition and results of operations.Risk factors (Item 1A)
Places
New York City
concentrated innamed as a riskMoreover, we also have relationships with developers in select major cities (in particular, New York City) to provide marketing and brokerage services in new developments.Risk factors (Item 1A)
Also named by ABNB, ED, EVR, MCO, MS, PWR, RITM, ROST and 1 more
Texas
subject toIn some states, such as Texas, no person may acquire control, directly or indirectly, of a title company unless the person has provided required information to, and the acquisition is approved or not disapproved by, the relevant regulator.Business (Item 1)
Also named by ABR, AFRM, ALLY, AN, ASO, ASTS, ATO, AXP and 70 more
Commodities and inputs
U.S. mortgage rates
exposed to its price · low-6% rangenamed as a riskMortgage rates remained elevated by historical standards, with the average 30-year fixed mortgage rate still in the low-6% range as of January 2026.Risk factors (Item 1A)
Regulators
Consumer Financial Protection Bureau (CFPB)
subject tonamed as a riskThe CFPB has issued myriad rules, including TILA-RESPA Integrated Disclosure rules, which impose significant obligations on our mortgage joint ventures.Business (Item 1)
Also named by ABNB, AFRM, ALLY, AN, AUB, AXP, BAC, CASH and 61 more
Federal Trade Commission (FTC)
subject tonamed as a riskMoreover, under U.S. franchise law, we are subject to federal regulations enforced by the FTC governing franchise offers and sales, as well as various regulations in states in which we operate, which may impose additional registration and disclosure requirements.Risk factors (Item 1A)
Also named by AMZN, AN, AVGO, BJ, CART, CELH, CHD, CHE and 56 more
Federal Reserve Board
exposed to its pricenamed as a riskChanges in the Federal Reserve Board’s policies and other macroeconomic factors affecting mortgage rates are beyond our control, difficult to predict, and could negatively impact the residential real estate market, which in turn could have a material adverse effect on our business, financial condition and results of operations.Risk factors (Item 1A)
Also named by ALLY, AMP, BPOP, C, CFG, CFR, CME, CUBI and 9 more
National Association of Realtors (NAR)
subject tonamed as a riskAccordingly, our business is impacted by the policies, bylaws, codes of ethics, and fees and rules promulgated by trade organizations including the NAR, state and local associations of REALTORS, and MLSs.Business (Item 1)
Also named by RKT
Laws and programs
2025 Revolving Credit Facility
$0.5 billionnamed as a riskAdditionally, lender commitments for the 2025 Revolving Credit Facility, which is secured by substantially all of our assets and our subsidiary guarantors, automatically increased to $0.5 billion upon consummation of the Anywhere Merger.Risk factors (Item 1A)
Apple Ridge securitization program
up to $180 millionnamed as a riskIn connection with the Anywhere Merger, we entered into a performance guaranty for up to $180 million of securitization obligations through the special purpose entities monetizing certain assets of Cartus under one lending facility (which we refer to as the “Apple Ridge securitization program”).Risk factors (Item 1A)
Telephone Consumer Protection Act (TCPA)
subject tonamed as a riskSome examples of the regulations we are required to comply with include without limitation, the California Invasion of Privacy Act (“CIPA”), California Consumer Privacy Act (“CCPA”), amended by the California Privacy Rights Act (“CPRA”), and other similar state regulations, portions of the GLBA, namely the Safeguards rule, which governs the disclosure and safeguarding of consumer financial information, and the Telephone Consumer Protection Act (“TCPA”), which restricts certain types of telemarketing calls and the use of auto-dialing systems and prerecorded messages and establishes a national Do-Not-Call registry.Business (Item 1)
Also named by ADP, AFL, BBW, CART, CRM, CSGP, FCFS, GDDY and 9 more
Real Estate Settlement Procedures Act (RESPA)
subject tonamed as a riskRESPA compliance is of significant importance to us and our integrated services business.Business (Item 1)
Also named by NVR
Worker classification laws (independent contractors)
subject tonamed as a riskWe classify real estate professionals at our owned-brokerage as independent contractors, and if federal or state law mandates that they be classified as employees, our business, financial condition, and results of operations would be adversely impacted.Risk factors (Item 1A)
Also named by PPLI
New York title agent regulations
subject tonamed as a riskPursuant to regulations in New York, title agents with affiliated businesses must make a good faith effort to obtain and be open for title insurance business from all sources and not business only from affiliated persons, including actively competing in the marketplace and failure to comply with such statutes could result in fines and penalties or non-renewal of our license to provide title, escrow and settlement services.Business (Item 1)
Anywhere legacy defined benefit pension plan
named as a riskThe pension plan now represents a liability on our balance sheet and will continue to require cash contributions from us, which may increase beyond our expectations in future years based on changing market conditions.Risk factors (Item 1A)