In tug-of-war between New York and Florida, the boss may have final say

Homeowners who fled Manhattan to Florida during the pandemic are responding to pressure from employers to return to offices in New York. Faced with sun and sand, some aren’t ready. Continue reading

Compass Houston’s founding agent jumps to Sotheby’s

Bryan Beene is jumping ship to Martha Turner Sotheby’s, leaving the office he founded in 2019 behind as the now public company reaches a critical juncture, a report says. Continue reading

EXp picks up top-performing teams from Keller Williams, RE/MAX

The Incorvaia Team and the Ige Johnson Group are the latest in a long string of teams to jump ship for the virtual brokerage. Continue reading

New Keller Williams franchise scoops up 2 dozen Compass agents

Keller Williams Jackson Hole launched this month in Wyoming and has drawn most of its agents from a brokerage that Compass acquired last year, creating “one big team.” Continue reading

Compass is ‘the world’s most unprofitable brokerage ever’: Mike DelPrete

In a recent VICE interview, Mike DelPrete offered his thoughts on how Compass’ longstanding cash burn problem could pose an existential threat to the brokerage and its ability to compete. Continue reading

‘The appraisal process is an absolute joke’: The Real Word

On this week’s TRW: Find out what Byron Lazine and Nicole White have to say about the future of appraisals, incentive-based recruiting and this week’s Left, Middle, Right. Continue reading

Compass lets go of Chief Technology Officer Joseph Sirosh

Sirosh spent more than four years at the brokerage. He most recently was in the news for selling hundreds of thousands of Compass shares. Continue reading

Will Compass’ changes to agent pay slow its growth?

The brokerage has grown rapidly thanks to generous handouts of cash and stocks to newly onboarded real estate agents. But amid leaner times, those perks are going away. Continue reading

WATCH: What is your plan for surviving a downturn?

Brad Inman interviews Thad Wong of @properties Christie’s International Real Estate and Nina Dosanjh of Vanguard Properties about what brokerages can do to best position themselves and their team to outlast the downturn. If your first instinct is to cu… Continue reading

2 Compass execs sell $1M worth of Class A shares

Joseph Sirosh and Danielle Wilkie sold their shares last week, according to a Securities and Exchange Commission filing. Both executives scheduled the sell-offs in May. Continue reading