April is usually a contender for best statistical month of the year. In 2023, April lost out to May for the highest percentage of sales that closed over the list price, and last year's early start had March be the year's winner in the category - with April in a close...
The first Compass goal was to have 20% market share in 20 major metro markets, and now we're striving to have 30% market share in 30 markets. Locally, we're getting close. The market has been tough on everyone, mostly because buyers aren't going for it like they were...
Robert Reffkin was in San Diego yesterday to talk Compass. He will be visting all the Compass regional offices to assure agents that we are on the right track. We're on the right track. Private Exclusives are permitted in the Clear Cooperation Policy. Nobody disputes...
Yesterday, reader Jim repeated the common belief about the Compass 3-Phase Marketing Plan: Compass isn’t going this route to protect sellers - they are trying to increase their dual agency transactions which will lead to more profits for a publicly traded company. In...
Thanks to the N.A.R. revision of the Clear Cooperation Policy, there are now FOUR ways a home can be marketed to buyers: Private Exclusive - Within the brokerage only. My buyers can be auto-notified. Compass Coming Soon - Listings on the brokerage/agent websites only....
Here's the full story so far but you know what triggered this move. Warren has to be as madder than Reffkin over the arbitrary penalties from the NAR, and their vig was 5x what Compass had to pay: What will be the impact locally? Combining the #1 and #2 brokerages...
Everyone talks badly about Robert Reffkin/Compass and our stand against the CCP. It's because the industry is so sensitive about the thought of agents hoarding their listings off-market to sell them to their own buyers or to buyers represented by other in-house...
The last debacle by Ketchmark cost Compass $52 million - there is no way that we will keep putting ourselves at risk of more lawsuits. It's why Robert Reffkin has been so adamant about disolving the Clear Cooperation Policy, even though he doesn't state it often...
It's a hot topic among real estate agents, but how widespread are the off-market sales? We saw that in the last blog post that 155 NSDCC homes that have gone pending this year have already closed escrow. But let's back it up to get a bigger sample and look at all of...
Robert Reffkin has heard enough and wants to address the rumors: Many of you have heard things like “Compass is trying to sell listings off-market,” and “Compass is trying to double end deals.” These misconceptions are intentionally designed to create fear in the...
