We were on a call yesterday with our referral network of Compass agents around the country, and Gregg in the DMV (D.C., Maryland, and Virginia) said they have been required to use the buyer-broker agreements for the last twenty years. Great - a test case. How has it...
I got an update on the group of brokerages who have hired the same law firm to go after the National Association of Realtors. If they intend to disrupt the August 17th changes, they better get on it! But they are going let that go, and instead they will be pursuing...
This is the #1 reason I went to Compass, and I didn't really feel like I had a choice. When realtors get disrupted, this is the way the big brokerages can survive while the little guys die. Hoard the listings in-house as 'private exclusives', like they do in the...
Nobody was overcharged, but the media will feed the hysteria for another week or two with baseless claims and lies just to attract more eyeballs! Meanwhile, buyers are hurrying up their quest to buy a home before they have to pay their agent's commission! Hat tip to...
The general market conditions have appeared relatively healthy over the last few years, but the above demonstrate why brokerages - especially those operating on thin margins - have been feeling the pain. Volume has dropped considerably between 2021 and 2023: Top Five...
As a battle of words and philosophies rages between major real estate portals, Compass CEO Robert Reffkin on Thursday jumped into the fray and threw support behind the newest entrant in the space, Homes.com. Reffkin was asked about Homes.com’s “your listing, your...
Yesterday, 2,400 Compass agents came to the Rady Shell to hear CEO Robert Reffkin discuss the accomplishments of his clients, the agents. Here are this year's facts to plug into our presentations: Compass #1 in sales volume nationwide last two years. Compass agents...
This is for all the people who said it would never work - which includes a shocking number of industry insiders who didn't give Compass any chance of making it. Compass says it brought in $51 million more than it spent in the second quarter, the first time the...
