Real estate in 2022: When the #@!$ finally hit the fan
Soaring mortgage rates, slagging sales, thousands and thousands of layoffs: The past 12 months have offered a jarring reminder that what goes up must come down
by Jim Dalrymple II Dec 19
‘Unfixable?’ Wrong. Compass isn't broken
Compass broker David Schlichter says that critics like Jason Oppenheim are missing the bigger picture, and that this underdog brand will withstand gusty headwinds
by David Schlichter Dec 6
Compass must cut faster and deeper to break even in 2023: DelPrete
With a historically high cash burn, Compass needs to cut faster and deeper than most other brokerages — and it is
by Dani Vanderboegh Nov 16
Compass adds agents as revenue falls, losses rise in Q3
The company reported earnings Thursday for the first time since announcing the end of cash and stock-based recruiting incentives. Despite the move, the company added 335 agents
by Jim Dalrymple II Nov 10
How a strong culture is getting Compass through tough times
On the last day of the Compass REtreat, Compass President of Customer Success Danielle Wilkie sat down with Inman to talk about how a strong culture is key to the company's 2023 strategy
by Marian McPherson Oct 31
Compass taps Cushman executive as chief financial officer at pivotal time
Kalani Reelitz joins the brokerage at a time of significant transition, and as it tries to achieve positive cash flow next year
by Jim Dalrymple II Oct 28
Robert Reffkin gets real at Compass REtreat: 'Hope is not a strategy'
At Compass' annual REtreat in Atlanta, CEO Robert Reffkin used his keynote to give an honest and intimate review of his company's post-IPO performance and cast a vision for the future
by Marian McPherson Oct 26
4 things to watch as Compass' annual conference unfolds this week
Compass became the largest company of its kind in the US this year, but is holding its annual gathering as the real estate industry navigates uniquely troubled waters
by Jim Dalrymple II Oct 25
The Agency's Mauricio Umansky on what's hurting brokerages the most
At Inman Connect, Brad Inman and Mauricio Umansky, founder of luxury brokerage The Agency discussed what's happening in the market now and how it's impacting brokers and their agents
by Lillian Dickerson Oct 19
Compass lays off more workers, with technology department hit hardest
Compass laid off a significant chunk of its technology team, according to press reports that appeared to suggest hundreds of jobs slashed. This is the second round of layoffs this year
by Marian McPherson Sep 20
Will Compass' changes to agent pay slow its growth?
The brokerage has grown rapidly thanks to generous handouts of cash and stocks to newly onboarded real estate agents. But amid leaner times, those perks are going away
by Jim Dalrymple II Aug 24
Compass ditches stock, financial incentives in recruiting
Compass has grown rapidly by offering agents shares in the company and in some cases cash. But the company has now cut those perks as the market slows way down
by Jim Dalrymple II Aug 15
Compass revenue ticks up slightly as losses mount in Q2
The fast-growing brokerage earned $2B in revenue during the second quarter of the year, but also saw losses rise to $101M, according to an earnings report issued Monday
by Jim Dalrymple II Aug 15
Compass brings on Stacy Jones as head of Luxury Division's top agents
Jones comes to Compass following several years as co-owner and chief people officer at Realogics Sotheby's International Realty, a top Sotheby's franchise located in Seattle
by Lillian Dickerson Jul 28
Compass to cut workforce by 10% amid worsening economy
The layoffs will involve full-time employees, not agents, and come as the housing and stock markets experience a major shift
by Jim Dalrymple II Jun 14
Compass CFO to resign while chief product officer gets promotion
Chief Financial Officer Kristen Ankerbrandt will leave the company in September, while Greg Hart will become Compass' new chief operating officer
by Jim Dalrymple II May 12
Compass trims losses slightly in Q1, sees revenue jump 25%
Compass agents did 47,367 deals between January and March of 2022, which represents a new high for the brokerage, according to a Q1 earnings call on Thursday
by Jim Dalrymple II May 12
Compass brings Shopify CTO Allan Leinwand on as board member
The ‘engineering visionary’ who also worked at Slack, Zynga and Cisco Systems, will help guide Compass during a period of rapid growth
by Jim Dalrymple II May 9
Judge in Realogy-Compass suit steps down due to Compass listing dispute
New York Supreme Court Justice Barry Ostrager recused himself from the long simmering case on Tuesday, 3 months after his co-op went under contract with a Compass broker
by Marian McPherson Apr 28
Compass taps Mindbody CEO Josh McCarter to join board of directors
Mindbody CEO Josh McCarter has become New York City-based brokerage Compass' seventh board member. McCarter will help bolster Compass' agent scheduling and payment tools
by Marian McPherson Apr 11
Compass reaches settlement in Section 8 discrimination case
As part of its settlement with the Housing Rights Initiative, Compass has committed to raising commissions for agents brokering Section 8 leases and launching several housing voucher education programs
by Marian McPherson Apr 7
'Stock is not the company:' Robert Reffkin on Compass 1 year after IPO
In a heartfelt letter posted on LinkedIn, Compass founder and CEO Robert Reffkin addressed stock market troubles and cast his vision for the future on the 1-year anniversary of going public
by Marian McPherson Apr 4
Compass knocks Realogy from top of T3 Sixty rankings after 23 years
Real estate analytics firm T3 Sixty's latest Real Estate Almanac revealed how complicated the answer to 'Who's the biggest brand in the industry?' can be, with Compass, Realogy and Keller Williams ruling their respective business models
by Marian McPherson Mar 23
Mauricio Umansky on The Agency’s ‘tremendous openness’
Inman spoke with The Agency's CEO about rapid expansion, working with family and some of his favorite memories from Inman Connect New York ahead of ICNY in April
by Lillian Dickerson Mar 18
Compass once again sees revenue, losses grow in Q4 earnings
Compass' revenue jumped 31% in the fourth quarter of 2021 and 73% for the entire year, though expenses related to the company's public debut pushed up losses
by Jim Dalrymple II Feb 16
Compass launches 12-month 'Agent Action Plan' amid training surge
The “Robert Reffkin Agent Action Plan" is designed to help agents build their business the way the Compass founder built his
by Jim Dalrymple II Feb 7