Tag Archives: compass

Compass CEO: ‘It’s OK to not be OK in this time’

By Patrick Kearns | June 3, 2020 - 4:34 pm |June 3, 2020 Uncategorized

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Robert Reffkin, one of the few African American leaders in the real estate industry, discussed how agents and allies can help the Black community. Continue reading →

Keller Williams franchises are reducing fees amid slowdown

By Patrick Kearns | April 23, 2020 - 5:27 pm |April 23, 2020 Uncategorized

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Franchises across the country are having discussions about ways to help agents financially, according to KW President Josh Team. Continue reading →

Compass cuts salaries and admin staff hours

By Patrick Kearns | April 22, 2020 - 8:21 pm |April 22, 2020 Uncategorized

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Compass is cutting staff salaries across the board a month after laying off roughly 15 percent of its staff. The move comes at the same time the company continues to add new agents, even during a market slowdown. Continue reading →

‘I’m feeling very optimistic’: Agents in southern states foresee ‘booming’ market as lockdowns lift

By Jim Dalrymple II | April 22, 2020 - 12:36 pm |April 22, 2020 Uncategorized

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Isolation mandates are beginning to lift in a handful of southern states. Agents across the region believe consumers will race back to the market. Continue reading →

Agents in southern states on board with economic reopening

By Jim Dalrymple II | April 22, 2020 - 12:25 pm |April 22, 2020 Uncategorized

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The pandemic is not over, but a handful of governors in southern states are gradually reopening their economies. Agents mostly agreed that it’s time. Continue reading →

Opendoor layoffs are a retreat not a defeat

By Mike DelPrete | April 16, 2020 - 6:44 pm |April 16, 2020 Uncategorized

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Opendoor announced it’s laying off 35 percent of its workforce. The move, designed to give Opendoor more runway, increases its chances of survival, but it comes at a competitive cost. Continue reading →

Compass agents anticipate post-pandemic buyer’s market in California

By Marian McPherson | April 15, 2020 - 8:58 pm |April 15, 2020 Uncategorized

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More than 700 Compass California real estate agents shared their concerns and market predictions for when shelter-in-place laws lift in the state. Continue reading →

Opendoor lays off 35% of its staff

By Patrick Kearns | April 15, 2020 - 5:54 pm |April 15, 2020 Uncategorized

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Approximately 600 employees being laid off will reportedly get 16 weeks of benefits coverage and eight weeks of severance pay, Opendoor confirmed. Continue reading →

Reffkin: ‘We can sustain a downturn for 6 months, 8 months, 9 months’

By Patrick Kearns | April 15, 2020 - 3:11 pm |April 15, 2020 Uncategorized

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But the Compass CEO also conceded that disruption to the housing market will drive some agents and discount brokerages out of the real estate industry. Continue reading →

NBA star Kevin Durant’s former Bay Area home lists for $6M

By Veronika Bondarenko | April 14, 2020 - 9:06 pm |April 14, 2020 Uncategorized

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A Bay Area home that Brooklyn Nets star Kevin Durant recently rented has been listed off market for $5.99 million. Continue reading →