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Compass Expands Title Escrow Business to Texas With New Purchase
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Compass Share Price Falls 30% In First Three Months
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Robert Reffkin and Michael Karp (Compass, Linkedin, iStock)
Compass is expanding again in Florida, completing its acquisition of the majority of BEX Realty’s agents and offices in the state,
The Real Deal has learned.
The deal includes about 200 agents and offices in Fort Lauderdale, Port St. Lucie and Palm Beach Gardens, according to a spokesperson from Compass.
Michael Karp, CEO of Boca Raton-based BEX Realty, said BEX is keeping its Boca Raton headquarters and its lead generation business. The Compass acquisition included the majority of its Florida agents, as well as some members of management, he said. The deal closed earlier this week.
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Lone Wolf Technologies filed a lawsuit on Jan. 7 against Glide Labs, a digital real estate forms company based in San Francisco.
Prior to the suit, Glide was a member Lone Wolf’s partner marketplace, a collection of industry vendors selected by Lone Wolf to augment customer solutions.
The suit revolves around zipForms, an electronic transaction and forms solution that Lone Wolf integrated when it acquired zipLogix in 2019.
Lone Wolf Technologies wrote the following in an email to customers announcing the lawsuit and the termination of Glide as a forms partner:
We regret to inform you, however, that we are no longer partners with one of these providers, Glide Labs, Inc. As such, the integration to Glide Labs’ services will cease to be available in Transactions (zipForm Edition) in the coming weeks.
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