Jeff Lowe, Chicago’s top-producing broker, was finishing a stationary bike workout when the emails started flying in on Thursday morning. News that the SoftBank Vision Fund had agreed to a $450 million investment into real estate brokerage Compass — claimed to be the largest real estate tech investment in U.S. history — was sending ripples throughout the industry.
Two years ago as we approached the year 2016, I predicted Donald Trump would be elected President. My crystal ball hasn’t always been so prescient. Last year I guessed that in 2017 Zillow would expand overseas and NAR would pick a woman CEO (stupid me).
It’s head-hunting season in the real estate brokerage world. Agents are agonizing over the being inundated with broker recruiting calls, but let’s face it: it’s the only time of year that they actually listen to us.