Rocket and Compass announce 3-year partnership adding 500K+ listings to Redfin with mortgage incentives. RKT stock climbs 8.3% on the news.

Compass will allow its property listings that have yet to hit the broader market to appear immediately on fellow real estate brokerage Redfin’s portal, part of three-year agreement announced Thursday.

New Compass program pays listing agents a 10% fee for referring buyer inquiries from their listings to colleagues.

Rocket Companies, owner of Seattle-based Redfin, announced on Thursday a three-year syndication agreement with real estate brokerage Compass to showcase its “coming soon” listings on Redfin starting ...