Tag Archives: compass

Compass explores possibility of franchising, company says

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CEO Robert Reffkin floated the idea of a franchise brand during an earnings call Tuesday, describing it as a “more profitable” method of growing the business. Continue reading →

Compass revenue falls in Q4 — but losses narrow despite ‘difficult year’

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In a Q4 earnings report Tuesday, Compass announced that between October and December of last year, it brought in $1.11 billion in revenue, down from $1.6 billion during the same period in 2021. Continue reading →

Mark Wahlberg’s sweeping Beverly Hills mansion brings in $55M

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Mark Wahlberg and his wife, Rhea Durham, initially listed the 30,500-square-foot property for $87.5 million in April 2022 but dropped the ask by $8 million after it sat on the market for several months. Continue reading →

Top-producing The Brian Pistorius Group joins Compass

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The Chicago-based team has exceeded $50 million in sales volume since 2021 while still at Berkshire Hathaway HomeServices, Compass told Inman exclusively. Continue reading →

Nearly two-thirds of brokerage sites aren’t displaying commissions

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Consumer Federation of America: Despite an NAR rule change, only Redfin displays buyer-agent compensation in virtually all of the major cities examined. Continue reading →

Compass team in New York departs to start joint venture with Side

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Charlie Homet and John Brandon launched a boutique brokerage called Archpoint Advisory Partners in partnership with Side, focusing on properties in Brooklyn and downtown Manhattan. Continue reading →

Cost cutting and existentialism: What to expect from earnings

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Large publicly traded real estate companies are about to share their numbers from the most brutal quarter in years. Analysts are bracing for the worst — and watching to see who can thrive. Continue reading →

Fresh off Super Bowl baby bump, Rihanna’s starter home hits market

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The seven-bedroom Beverly Hills home was also occupied by John Legend and Chrissy Teigen from 2016 to 2021. After an initial unsuccessful offering of $19.25 million, the current owner is attempting to offload it at a loss. Continue reading →

Sotheby’s snags leading South-Central Texas team to form affiliate

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The team formerly known as the Southern District Properties Group at Compass will now become Sotheby’s newest affiliate in Texas, Southern District Sotheby’s International Realty. Continue reading →

Red Oak Realty taps former KW, Pacific Union leader as president

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Nicole Aissa will oversee agent growth and development at Red Oak. She previously worked as an operating principal at Keller Williams. Continue reading →