Tom Ford nabs Jackie O’s former Hamptons summer home at $52M

The deal is just the latest of Tom Ford’s big-ticket transactions, following a $51 million home purchase in Palm Beach at the end of last year and a more recent trading of that home for another mansion in the luxury South Florida market, according to r… Continue reading

Compass plucks 2 multimillion-dollar teams from Coldwell Banker

Compass has recruited the second-largest Coldwell Banker teams in Denver and Seattle, the Infinity Pros team and the Get Happy At Home team. They are the 51st and 52nd agents or teams to move from Coldwell Banker to Compass this year. Continue reading

Tighter federal regulations coming to luxury real estate market soon

The U.S. Treasury Department is poised to enact expanded reporting measures on luxury home sales, putting an end to anonymous purchases that have enabled oligarchs, terrorists and others. Continue reading

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