Mauricio Umansky: To be great, ‘you have to dare to be bad’

The Agency CEO this week predicted more change ahead for the real estate industry, said agents are angry, and argued in favor of raising the bar for obtaining a real estate license. Continue reading

Compass bucks tough market as revenue, agent count grow in Q3

The brokerage drove $1.5 billion in revenue — an 11.7 percent improvement over the same period in 2023, according to a third-quarter earnings report on Wednesday spanning July, August and September. Continue reading

Compass envisions recruitment opportunity in industry upheaval

Rory Golod, Compass’ president of growth and communications, spoke to Inman about Clear Cooperation, commission settlements, franchising and much more. Continue reading

Recruiting War ’24: For brokerages, headhunt pivots to cream of crop

Agent headcount — once a ubiquitous barometer of brokerage success — has faded, interviews and new Inman Intel Index results reveal. Instead, focus has shifted to “the better and best agents.” Continue reading

Brokerages must focus on culture, community, connection in 2024

Luxury leaders from Sotheby’s International Realty, Compass and Douglas Elliman shared how luxury clients are responding to changes in the market now and how their brokerages each uniquely support agents. Continue reading

Compass snags $40M Dallas real estate team from Coldwell Banker

Dallas-based team leaders Jason Castro and Liz Mello have moved their team, The Castro Group, to Compass. They are the 48th agent or team to move from Coldwell Banker to Compass this year. Continue reading

Compass nabs top-performing Coldwell Banker agent

Tacoma’s Margo Hass Klein joined Compass this week, according to the company. She’s the latest in a string of Coldwell Banker agents who decamped for Compass this year. Continue reading

Compass scoops up 300-agent indie brokerage in Arizona

The acquisition of Launch Real Estate expands Compass’ footprint at a pivotal time for the company and the industry. Continue reading

Compass seeks to sublease NYC headquarters in belt-tightening play

The New York-based brokerage is shopping around 89,000 square feet of office space at 90 Fifth Ave. in Manhattan as it looks for ways to stem its losses, which clocked in at $154 million in 3Q22. Continue reading

CoStar takes aim at Zillow in NYC with launch of Citysnap portal

Homesnap’s new portal will launch across NYC in 2022. It’s the latest development in a simmering search portal war between CoStar and Zillow. Continue reading