Robert Reffkin is the CEO of Urban Compass.

Describe what you do in one sentence: I guide the strategy of Urban Compass by hiring talented and passionate people and empowering them to solve big problems.

Age: 35

Degree, school: BA and MBA at Columbia University

Location: New York City

Social media: Twitter, LinkedIn

robert reffkin running

Robert Reffkin (right) ran 50 marathons in 50 states to raise $1 million for nonprofits. His mom (left) attended almost all of the marathons with him.

What’s your favorite activity outside of work and why?

Spending time with my amazing wife, Benis, and my 1-year-old daughter, Raia.

What’s your favorite classic piece of literature and why?

I haven’t reread any of the classics recently but just read a great book called “The Hard Thing About Hard Things” by Ben Horowitz. I would highly recommend it to anyone building a company.

Are you the first entrepreneur in your family?

My mom is an entrepreneur. She immigrated to the United States from Israel, which to me is the greatest entrepreneurial effort one can make.

How’d you come up with the idea for your startup?

My co-founder, Ori Allon, and I wanted to combine his technology expertise with my business and strategic partnerships background to bring technology to a space that didn’t have it. We arrived at real estate because it touches everyone and it’s the largest sector of the economy without great technology.

Describe a time when you felt particularly insecure about the future of your company. How did you bounce back?

Early on, we structured our agent compensation in a way that would limit our ability to deliver the best service to our customers. We initially thought that we could hire agents on salary but quickly learned firsthand that the best way to improve the home search process is to hire experienced, best-in-class agents, most of whom work on commission.

When we initially realized that this structure would not work, it was definitely a hard time for me. However, when I look back at all we have done as a company, I am most proud of our ability to make this shift within three months of launching and to quickly pivot to our current approach, which has been incredibly successful.

What would you describe as your company’s biggest victory since launching and why?

In general, our ability to constantly innovate and not be complacent with what we’re building.

urban compass robert reffkin

Urban Compass’ team gathering for lunch in the kitchen of its New York City office.

What puzzles you most about the industry?

Real estate (in New York, in particular) has such a multifaceted stakeholder basis — there are buyers, sellers, renters, agents, consumers, landlords, developers and more. The company or product that can provide value to all of these stakeholders is the one that will really change the marketplace.

The most common mistake startups make in this space is they build a tool for one stakeholder as opposed to something that works for the entire stakeholder base representing the market.

What is the most important lesson you’ve learned about building a business since launching your company?

The importance of hiring. Hiring the right people is the best investment.

What’s the most overrated real estate technology?

I haven’t been blown away by any real estate technology. Tools that value properties have gotten a lot of attention, but the industry hasn’t really found one that truly works.

How will the role of the real estate agent change over the next five years?

Agents will have to prove their value to consumers as true advisers in a real estate transaction. There is so much information out there that it’s overwhelming to consumers. Technology can help agents harness data in a better way to provide insights and intelligence to the consumer.

What motivates you more: power or money?


What is your biggest professional fear?

My biggest fear is not delivering on the promises I’ve made to the Urban Compass team about our potential to impact the real estate sector across the country.

What is your biggest personal fear?

Not having a positive impact on the world around me.

Whom do you respect most in the industry?

Leonard Steinberg. He is the most passionate, creative and driven person I’ve encountered in real estate.

 Would you like to participate in our Follow the Leader profile series? Email

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription