Tag Archives: compass

The Agency scoops up 4 NorCal Compass agents

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Over the past few months, 34 agents have joined The Agency from Compass’ Northern California offices. In total, The Agency has brought on 72 agents in the region over the course of 2023. Continue reading →

Mother of all commission suits filed in Illinois, this time by homebuyers

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“Batton 2,” exponentially larger in scope than Sitzer | Burnett and the Moehrl commission suits, was filed last week in Illinois and takes aim at many of the defendants in another new suit called Gibson. Continue reading →

Compass recommits to North Dallas with new office space

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The brokerage has signed a lease for a 14,000-square-foot office space in the recently redeveloped HALL Park in Frisco, Texas, in a commitment to future growth in the region. Continue reading →

Compass trims losses, improves cash flow despite Q3 revenue dip

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The brokerage saw revenue fall 10 percent year over year, but also managed to cut net losses from $154 million in the third quarter of last year to $39 million this time around, according to a Q3 earnings call Monday. Continue reading →

Will Q3 earnings keep real estate mired in a ‘Groundhog Day’ loop?

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Real estate companies have been trapped in a repeating cycle of bad financial quarters. Will this latest round of earnings break the loop, or is the industry doomed to relive it? Continue reading →

Sitzer attorney files new suit against Compass, Redfin, others

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Michael Ketchmark filed the new lawsuit just moments after a jury sided with his clients in the Sitzer | Burnett case. The new suit claims another batch of companies committed a conspiracy Continue reading →

Redfin eliminates salaries, pivots to commission model in LA and SF

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Redfin will still classify agents as employees but, beginning next year, will transition those in some California markets to an all-commission-based pay program. Continue reading →

True crime meets luxury real estate in gripping ‘Crime Estate’ podcast

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Dallas real estate agents Heather Guild and Elena Richey bonded with their non-agent friend, Melanie Stout, over a shared interest in true crime and real estate, which is how the “Crime Estate” podcast was born. Continue reading →

Very superstitious: Agents say Friday the 13th can jinx a deal

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St. Joseph statues, canceled flights, horseshoes, oh my! When clients are already nervous about a transaction, Friday the 13th could be the ‘nail in the coffin,’ agents said. Continue reading →

‘The fallout has gotten crazy’: Cold feet cited for rise in dashed deals

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Nearly 60,000 home purchase contracts were canceled during August, according to Redfin. But real estate agents told Inman that buyer uncertainty and inexperienced new agents are to blame. Continue reading →