Brokerage

Compass storms San Francisco after snapping up top agents

The expansion comes shortly after Compass was valued at more than $1 billion
  • Compass, which has raised $210 million, has launched in San Francisco with elite agents from national real estate brands.
  • The opening of Compass San Francisco's office comes after aggressive recruiting efforts that have come to characterize the brokerage's expansion strategy.

Hot on the heels of a $1 billion-plus valuation, high-tech brokerage Compass has blitzed into San Francisco, launching an office led by elite agents from two national real estate brands. The launch comes after an aggressive push by Compass to vacuum up top talent from local competitors -- an expansion strategy that's put some brokerages on their heels in luxury markets across the U.S. Initial members of Compass' San Francisco office include Malin Giddings, who Compass said was the no. 1 U.S. agent at Coldwell Banker, and the agent team TeedHaze, led by Butch Haze and Rick Teed; the TeedHaze team is the no. 1 team for Sotheby's International Realty. TeedHaze, which has nine members, says on its website that it was the first Sotheby's International Realty team to ever "surpass $1 billion in sales" and is ranked as one of the top 40 agent teams by The Wall Street Journal. Compass is currently advertising six San Francisco-based job positions on Indeed.com, inclu...