After navigating health scares as a child and struggling a bit early in his career, it was The Agency CEO’s wife, Kyle Richards, who suggested he get a real estate license, which he says was the “best decision ever.” Continue reading
Brokerages, tech companies and mortgage providers all saw massive losses as the market soured at the end of 2022. But some leaders did have a few tricks up their sleeves. Continue reading
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. Continue reading
In a Q4 earnings report Tuesday, Compass announced that between October and December of last year, it brought in $1.11 billion in revenue, down from $1.6 billion during the same period in 2021. Continue reading
“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. “Her expertise and dedication to the industry are ideally sui… Continue reading
Compass CEO Robert Reffkin talks about stock market downturns, profitability and why brokers need to eschew virtual working to survive. Continue reading
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. Continue reading
Compass CEO Robert Reffkin sent an email to staff on Thursday morning informing employees of the latest staff reduction, marking the third round of layoffs in eight months. Continue reading
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. Continue reading
Compass continued to burn cash in the latest quarter but also demonstrated a reduction in operating expenses as the company aims to break even in 2023, Mike DelPrete writes. With a historically high cash burn, Compass needs to cut faster and deeper tha… Continue reading