---
schema_version: "secwatch.filing_event.v1"
accession: "0001563190-24-000053"
form_type: "8-K"
ticker: "COMP"
cik: "0001563190"
company_name: "Compass, Inc."
filed_at: "2024-03-22T23:59:59+00:00"
generated_at: "2026-06-04T09:02:42.122698+00:00"
event_type: "litigation"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Compass settles nationwide commission class actions for $57.5M, agrees to practice changes

## Summary
- Agreed to pay $57.5M into settlement fund, 50% within 30 days of preliminary approval, balance within one year.
- Expects to record $57.5M pre-tax charge in Q1 2024; does not expect material impact on future operations.
- Settlement resolves Umpa v. NAR and Gibson v. NAR; releases Compass, subsidiaries, and agents from claims.
- Business practice changes include requiring clear disclosure that commissions are negotiable and prohibiting listing-sort by commission offers.
- Settlement is not an admission of liability; subject to preliminary and final court approval.

## SEC filing metadata
- accession: 0001563190-24-000053
- form_type: 8-K
- ticker: COMP
- cik: 0001563190
- company_name: Compass, Inc.
- filed_at: 2024-03-22T23:59:59+00:00
- event_type: litigation
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1563190/000156319024000053/0001563190-24-000053-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1563190/000156319024000053/comp-20240321.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001563190-24-000053
- JSON: https://secwatch.observer/filing/0001563190-24-000053.json
- Plain text: https://secwatch.observer/filing/0001563190-24-000053.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.