Rebecca Mason joins Compass as NYC sales manager

Prior to her stint at CityRealty, Mason spent several years at Stribling & Associates which was acquired by Compass in 2019. Now she’ll be reunited with many of her former colleagues, Inman has learned. Continue reading

Successful agents show up, Robert Reffkin says in remote-work rebuke

During an Inman Connect panel on Wednesday, Compass’ CEO argued the brokerage’s in-person philosophy gives it an advantage over rival firms “charging the least and giving you the least.” Continue reading

Real estate is having its Blockbuster vs. Netflix moment

At Inman Connect Las Vegas, real estate strategist Mike DelPrete explained the “unfair advantage” of the low-fee business models and how agents are the ultimate solution to the real estate industry’s survival. Continue reading

Compass drives down losses, lifts agent count amid Q2 revenue slide

Compass’ 2Q revenue dropped 26 percent year over year to $1.5 billion, according to an earnings call Monday. Despite lower revenue, the brokerage reached free cash flow positivity and slimmed net losses. Continue reading

Redfin exec: Clear Cooperation is failing to stop pocket listings

Joe Rath is Redfin’s senior director of brokerage operations and head of industry relations. He shared thoughts on Clear Cooperation ahead of his appearance at Inman Connect Las Vegas. Continue reading

$2B Pacific Sotheby’s International Realty broker partners with Side

San Clemente, California’s top broker, Doug Echelberger, and his team of seven agents has moved to Side, where it will operate as Inhabit Real Estate, according to an announcement on Tuesday. Continue reading

Opendoor rebounds with profitable Q2 despite steep revenue decline

The iBuying giant sold fewer homes and brought in less cash in Q2 2023 than it did during the same time in 2022, but it still managed to end up in the black to the tune of $23 million. Continue reading

Compass hires former Better Homes and Gardens agent

Joseph Magsaysay will join Compass’ leadership as the brokerage looks to enhance its luxury presence in Silicon Valley. Magsaysay said he’s developed a “people first” leadership strategy. Continue reading

‘Catching a wave’: Nartey brings Globl RED to The Real Brokerage

“Catching Real right now is like catching a wave,” Kofi Nartey said. He sees the brokerage’s sweeping growth and adoption of technology as the way of the future. Continue reading