New commission lawsuit targets REBNY and 26 companies in NYC
Homeseller Monty March filed suit in the Southern District of New York Wednesday, alleging REBNY rules in Manhattan kept commissions high and violated state and federal antitrust laws
by Taylor Anderson Nov 10
Compass acquires No. 1 indie brokerage in Central Texas
NYC-based brokerage Compass has acquired Realty Austin and Realty San Antonio for an undisclosed amount. The brokerage closed $5.24B in 2022 sales volume
by Marian McPherson Sep 27
Compass adds 10 principal agents to Ocean City office
Compass has recruited 15 agents from an Ocean City, New Jersey, RE/MAX franchise, 10 of whom will serve as principal agents. The new recruits represent $136M in 2022 sales volume
by Marian McPherson Sep 27
Compass adds new AI marketing tool to its tech platform
The new tool comes during a year of heightened interest in artificial intelligence. It'll help agents write listing descriptions, craft social media posts and more
by Jim Dalrymple II Sep 15
Compass Sports & Entertainment adds 29 agents to mid-year class
The new class brings the total number of Compass Sports & Entertainment Division agents up to 158, representing 71 different markets. In 2022, they closed more than $7.7B in sales volume
Successful agents show up, Robert Reffkin says in remote-work rebuke
During an Inman Connect panel on Wednesday, Compass' CEO argued the brokerage's in-person philosophy gives it an advantage over rival firms 'charging the least and giving you the least'
by Jim Dalrymple II Aug 9
The ultimate guide to Inman Connect Las Vegas 2023
So you've decided to join us at Inman Connect Las Vegas. Bravo! Here's a day-by-day breakdown of the conference along with some tidbits to get the most out of your week in Sin City
by Marian McPherson Aug 8
Compass drives down losses, lifts agent count amid Q2 revenue slide
Compass' 2Q revenue dropped 26% year over year to $1.5B, according to an earnings call Monday. Despite lower revenue, the brokerage reached free cash flow positivity and slimmed net losses
by Marian McPherson Aug 7
Compass unveils new data-powered agent Performance Tracker
Compass Head of Coaching Courtney Smith said the brokerage's new data-powered Performance Tracker tool will enable agents and team leaders to track gross commission income, sales volume and other data
by Marian McPherson Jul 24
Mark McLaughlin back at Compass as chief strategist 2 years after exit
Former Pacific Union CEO and Compass California President Mark McLaughlin is returning as chief real estate strategist following a 2-year hiatus. He'll focus on improving the agent experience
by Marian McPherson Jul 19
The stories and trends that defined a whirlwind first half of 2023
Intel takes a look back at the market trends, brokerage strategies, Wall Street happenings and legal controversies that shook the past 6 months and could well define the remainder of 2023
by Marian McPherson Jul 5
Compass CEO: Pandemic craze will return once mortgage rates hit 5%
Compass CEO Robert Reffkin revealed on CNBC how volatile mortgage rates are sidelining homesellers and why a boost in existing-home inventory could happen as early as December
by Marian McPherson Jun 29
Robert Reffkin: Sub-4% mortgages are 'handcuffs' for home inventory
In a Bloomberg Markets TV appearance, the top boss at Compass said homeowners are treating a 3% mortgage rate 'as a financial asset' — at least for now
by Daniel Houston Jun 8
Robert Reffkin's mom, Ruth, has joined Compass' Garson Team
Reffkin's move to the social media-forward team will create a cross-generational collaboration that capitalizes on combining varied skill sets to best help clients, Inman exclusively learned
Compass CEO Robert Reffkin: FOMO is fueling 'pent-up' demand
Reffkin said Tuesday, during a Needham Technology & Media Conference session, that housing is in a 'sideways' market — but after last year, homebuyers are now afraid prices will go even higher
by Jim Dalrymple II May 16
Compass revenue drops in Q1, but losses continue improvement
The brokerage brought in a total of $957M in revenue and lost $150M. The results are something of a repeat from Q4 2022
by Jim Dalrymple II May 9
Compass CEO: Buyers will deal with higher rates. Sellers? Not so much
During his latest CNBC appearance, Compass CEO Robert Reffkin outlined the catch-22 of higher mortgage rates and why early pandemic boomtowns are facing a devastating bust
by Marian McPherson Apr 21
8 big reveals from Mauricio Umansky's book 'The Dealmaker'
From helping to launch the Mexican Olympic ski team to fresh details on his split with Hilton & Hyland, Umansky tells anecdotes from his life paired with lessons that came of those experiences
by Lillian Dickerson Apr 11
Compass explores possibility of franchising, company says
CEO Robert Reffkin floated the idea of a franchise brand during an earnings call Tuesday, describing it as a 'more profitable' method of growing the business
by Jim Dalrymple II Feb 28
Compass revenue falls in Q4 — but losses narrow despite 'difficult year'
In a Q4 earnings report Tuesday, Compass announced that between October and December of last year, it brought in $1.11B in revenue, down from $1.6B during the same period in 2021
by Jim Dalrymple II Feb 28
Compass names Wendy Forsythe president of 3 western states
'California, Nevada and Hawaii represent our largest market, and we are thrilled to have Wendy onboard to lead our teams and agent entrepreneurs in this key market,' CEO Robert Reffkin said
by Ben Verde Feb 1
Compass CEO Robert Reffkin calls home offices 'the killer of culture'
Compass CEO Robert Reffkin talks about stock market downturns, profitability and why brokers need to eschew virtual working to survive
by Marian McPherson Jan 24
Compass faces first downturn amid pressure to cut costs
The brokerage has dominated the conversation for years in real estate but is now faced with the task of becoming profitable amid its first major market downturn
by Jim Dalrymple II Jan 11
Inman launches immersive new video platform, Inman Access, for real estate professionals
The game-changing new offering launches today with hundreds of hours of original video content as well as content from Inman's vast video library. Subscribers get it all — anytime, anywhere
by Inman Jan 9
Real estate in 2022: When the #@!$ 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