Company: HOUS
Filing Date: 2025-12-02
Form Type: DEFM14A
Source: 0001628280-25-054793
Chunk: 457

Company: Anywhere Real Estate Inc.
Filing Date: 2025-12-02
Form: DEFM14A
Chunk 457
---
, or any related derivative instrument.

This opinion has been approved by a committee of Morgan Stanley investment banking and other professionals in accordance with our customary practice. This opinion is for the information of the Board of Directors of Parent in connection with its consideration of the Merger and may not be used for any other purpose or disclosed without our prior written consent, except that a copy of this opinion may be included in its entirety in any filing Parent is required to make with the Securities and Exchange Commission in connection with this transaction if such inclusion is required by applicable law or regulation. In addition, this opinion does not in any manner address the prices at which Parent Class A Common Stock will trade following consummation of the Merger or at any time and Morgan Stanley expresses no opinion or recommendation as to how the shareholders of Parent and the Company should vote at the shareholders' meetings to be held in connection with the Merger.

Based on and subject to the foregoing, we are of the opinion on the date hereof that the Exchange Ratio pursuant to the Merger Agreement is fair from a financial point of view to Parent.

Very truly yours,

MORGAN STANLEY & CO. LLC

| By: |     | /s/ Sean Gormley  |
|     |     | Sean Gormley      |
|     |     | Managing Director |

<div align='center'>B-3</div>

#### ANNEX C

#### PERSONAL AND CONFIDENTIAL
September 22, 2025

Board of Directors

Anywhere Real Estate Inc.

175 Park Avenue

Madison, NJ 07940

Ladies and Gentlemen:

You have requested our opinion as to the fairness from a financial point of view to the holders (other than Compass, Inc. (“Parent”) and its affiliates) of the outstanding shares of common stock, par value $0.01 per share (the “Shares”), of Anywhere Real Estate Inc. (the “Company”) of the 1.436 shares (the “Exchange Ratio”) of Class A common stock, par value $0.00001 per share (the “Parent Class A Common Stock”), of Parent to be paid to such holders for each Share pursuant to the Agreement and Plan of Merger, dated as of September 22, 2025 (the “Agreement”), by and among Parent, Velocity Merger Sub, Inc., a wholly owned subsidiary of Parent (“Merger Sub”), and the Company.

Goldman Sachs & Co. LLC and its affiliates are engaged in advisory, underwriting,