Compass seeks antitrust settlement with NYC’s largest real estate association

The brokerage sent a letter to the District Court for the Southern District of New York seeking to settle its dispute with the Real Estate Board of New York, or REBNY, outside of the courtroom. Continue reading

With Compass as North Star, new brokerages break free of legacy models

There is proof that some good is emerging from the industry boat race that Compass created. Its wide, frothing wake helped other alternative brokerage messages reach the surface, and agents are responding to it. Continue reading

Was M. Ryan Gorman a victim of Wall Street? 4 experts say ‘yes’

Two days after M. Ryan Gorman’s surprise exit from Coldwell Banker, four industry experts considered the weight of Wall Street on companies’ leadership decisions amid a market downturn. Continue reading

Most expensive home listed in San Francisco takes $5.5M price cut

A mansion in the Presidio Heights neighborhood that had its price slashed to $39.5M is still the most expensive single-family home for sale in the Bay Area city, reports say. Continue reading

All brokerages are entering the winter of real estate: Mike DelPrete

Now that earnings are in for the big box brokerages, the anticipated revenue decline is clear. But does it tell the whole story? Continue reading

Jason Oppenheim: ‘There’s no fixing Compass. It’s unfixable’

In a discussion after Q3 earnings in which Compass reported falling revenue, Inman asked the “Selling Sunset” star to expand on remarks he made about the brokerage at ICLV back in August. He obliged. Continue reading

Existing-home sales slip for ninth-consecutive month in October

Sales of existing homes fell 5.9 percent to a seasonally adjusted rate of 4.43 million — 28.4 percent lower than in October 2021, according to data released Friday by the National Association of Realtors. Continue reading

SERHANT. nabs Compass’ Downtown Manhattan sales director

Dennis Cusack specializes in Manhattan’s luxury co-ops, condos and townhouses. He was Compass’ director of sales in downtown for about three-and-a-half years. Continue reading