Compass became the largest company of its kind in the U.S. this year, but is holding its annual gathering as the real estate industry navigates uniquely troubled waters. Continue reading
At Inman Connect, Brad Inman and Mauricio Umansky, founder of luxury brokerage The Agency discussed what’s happening in the market now and how it’s impacting brokers and their agents. Continue reading
Heads will roll and company valuations will sink so low that new outsiders will opportunistically make big acquisitions, Brad Inman writes. Real estate’s Masters of the Universe are on notice. Continue reading
An Insider report published Wednesday evening cites three unnamed sources who said Vista Equity along with another private equity company could be involved in a deal. Continue reading
Compass laid off a significant chunk of its technology team, according to press reports that appeared to suggest hundreds of jobs slashed. This is the second round of layoffs this year. Continue reading
Compass has grown rapidly, but is now tasked with becoming profitable. Chief Operating Officer Greg Hart spoke to Inman about this key moment for the firm. Continue reading
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
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
Compass has grown rapidly by offering agents shares in the company and in some cases cash. But the company has now cut those perks as the market slows. Continue reading
The fast-growing brokerage earned $2 billion in revenue during the second quarter of the year, but also saw losses rise to $101 million, according to an earnings report issued Monday. Continue reading