What to expect at Compass’ annual RETREAT in San Diego this week

Throughout the week, RETREAT attendees will learn how to develop new business tactics, wield technology more efficiently and stay afloat as guidance around commissions changes in 2024. Continue reading

Commission lawsuits are piling up. Keep track of them all right here

In the wake of the Sitzer | Burnett verdict, the number of bombshell lawsuits has rapidly multiplied — putting more pressure than ever on real estate’s status quo. Here’s a rundown of all the cases. Continue reading

Compass snags high-performing Rhode Island Sotheby’s team

The Blackstone Team is based in Providence and closed more than $95 million in sales volume last year. The team’s move to Compass comes amid intense competition for top talent. Continue reading

The Agency scoops up 4 NorCal Compass agents

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

“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

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

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?

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

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

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