Compass

Compass CEO and Founder Robert Reffkin appeared on CNBC's "Closing Bell" yesterday and shared how existing home sales are down while new construction home sales are up. He highlighted how Clear Cooperation disadvantages individual home sellers compared to real estate developers and builders, which NAR excluded from Clear Corporation's marketing restrictions. For years, the traditional way of selling your home has been part of a system that has disadvantaged individual sellers. How the most well-known websites in real estate have built their business models hurts homesellers - placing negative insights on homeowners listings such as days on market, price drops, home value estimates, crime risk, and weather risk. On the other hand, real estate developers and professional homebuilders are protected from these negative insights because they are not forced to enter their listings into the MLS by NAR’s Clear Cooperation Policy. Since real estate developers and professional homebuilders are carved out of the Clear Cooperation Policy, they can also ensure the listing agent they hired receives all listing inquiries, as the person who knows the most about the home and therefore can better serve the seller. Clear Cooperation forces individual homeowners to list on the MLS, which almost always results in their listings being syndicated to hundreds of sites that hide the listing agents' contact information and where listing inquiries are sold to 3rd party agents. People’s homes are their most valuable financial asset, and they deserve the best return when they sell them so they can buy their next home, feel secure in their retirement, or pay for their child’s education. You shouldn’t have to compromise your financial future because the system isn’t built for you. Your Home. Your Choice. Compass supports a common-sense approach in which sellers choose where, when, and how to advertise their homes for sale.

At Compass, we've built tools and created a culture that make it easy for agents to run their business. Hear from some of our senior leaders Robert Reffkin, Rory Golod, Ashley Donat, and Ashton Alexander about what makes Compass special.

Please welcome Soham Bhonsle, CFA as our new Head of Investor Relations! With his extensive real estate experience and deep understanding of the transaction cycle, Soham will help us showcase Compass' unique value and long-term vision to the investment community, highlighting our focus on empowering agents. Click here to read the full article: https://bit.ly/3U8xo9E

Agents industry-wide roared in support of removing Clear Cooperation at Inman Connect in Austin. Among those representing Compass was Rachel Hocevar, President of Compass - Southwest, who discussed the importance of protecting homeowner marketing choices. Let's stand up together for what's right: giving homeowners the freedom to decide how they want their homes marketed! #ThisIsCompass #RealEstate #HomeownerChoice #InmanConnect #EndCC Click here to read the full article: https://bit.ly/3Y67O6B

Sellers deserve a choice in how they market their homes! In his latest op-ed, Compass CEO & Founder Robert Reffkin highlights the risks of MLS exposure under Clear Cooperation, from public price drops to the sale of homeowner data. It's time for the industry to stand up for transparency and give homeowners the freedom to decide how their homes are marketed. #ThisIsCompass #RealEstate #EndCC Read the full Inman article here: https://bit.ly/3YgXKJ2

Twelve years ago, Compass was founded with a simple mission - to help everyone find their place in the world. Today, we celebrate our agents, employees, and members of the Compass community who have made this journey possible! Thank you for being a part of the Compass story. Here's to many more years of collaboration to redefine the future of real estate. 

Today, we remember and honor the lives lost on September 11th, and the bravery of those who risked everything to save others.

Today, we celebrate the important day-to-day work of our agents and employees that powers our company and our industry. To everyone in the Compass community, Happy Labor Day!

Compass reported its second quarter 2024 earnings results today. Continuing to outperform the broader residential real estate market, our agents delivered $65 billion in sales volume and completed 60,390 transactions, generating $1.7 billion in revenue for the quarter, a 14% increase year-over-year. Compass also achieved an all-time high for net income of $20.7 million, while increasing quarterly market share to 5.13%. These strong results are thanks to the undeniable momentum that our agents and employees have built – demonstrated by 4 of the last 5 quarters of our company being free cash flow positive. View the full summary of our results here: https://bit.ly/3YsCLmZ

Compass remains the best brokerage in the country for supporting top agents and teams and helping them realize their full entrepreneurial potential. The proof is this year's RealTrends Verified list, which highlights the top professionals in real estate and on which 32% of all Compass teams were featured. We continue to be the industry's leading brokerage, by attracting the best agents and providing them with unparalleled support.