Matterport finishes first day of trading slightly down

The 3D imaging company’s shares debuted Friday at about $14.42 and ended the day around $14.20. The firm went public via a merger with a special acquisition company. Imaging company Matterport had a bumpy ride during its first day trading shares on the stock market, but by Friday evening prices ultimately settled slightly lower than … Read more

Lesson Learned: Connect with your colleagues

Find out how Florida agent Liz Hogan learned that it’s not just what you know, it’s often who you know that gets results. New to the industry? Get started with everything you need to know about the early decisions that’ll shape your career, including choosing a brokerage, learning your market, creating an online presence, budgeting, … Read more

Leading indie brokerage in Massachusetts joins Compass

One of Massachusetts’ top producing indie real estate brokerages has joined Compass, according to a joint announcement on Tuesday. The Randall Family of Companies, which includes Kinlin Grover, Randall Realtors, Page Taft and Pequot, will now operate under Compass’ banner in 35 locations across Massachusetts, Rhode Island and Connecticut. The 650-agent company generated $2.2 billion … Read more

Los Angeles team jumps from Compass to rival The Agency

In the latest salvo of an intensifying rivalry between brokerages, a prominent team in Los Angeles is leaving Compass and forming a new team inside of competitor The Agency, the latter brokerage announced Monday. Adam Rosenfeld The team departing Compass includes leader Adam Rosenfeld, as well as his eight agents. A statement Monday from The … Read more

The problem with stock as a recruiting tool for Compass agents: Mike DelPrete

Stock option programs sound good on paper, but as we can see with Compass, the reality varies. The post-IPO performance of Compass’ stock highlights the primary issue with stock as a recruiting tool. This story was republished with permission from the author. Compass‘ stock price has declined significantly since its IPO; it was the worst … Read more

Compass is launching its own mortgage company, OriginPoint

OriginPoint will provide origination services to consumers in select Compass markets by the end of 2021, marking the brokerage’s latest move toward an end-to-end transaction. Compass has placed the latest piece in its profitability puzzle with the launch of OriginPoint, a new mortgage origination company created in conjunction with retail mortgage giant Guaranteed Rate. Robert … Read more

15 tips for first-time real estate investors, straight from the pros

Starting any new business endeavor can be intimidating, but embarking on the journey of becoming a real estate investor can be especially scary for those who have never done it before. First-time investors may feel like the stakes are pretty high, but fear shouldn’t prevent anyone from giving it a shot as long as they … Read more

Price drops and slow sales: The new normal at NYC Trump properties

Trump-branded condos are a steal right now in New York City, selling well below market price, but does anyone want to live in them? Over the last year, the question of what would happen to Trump-branded properties has been swirling around real estate circles nonstop. Is the current sale and price downturn permanent? Or are … Read more

Compass fortifies marketing suite with Video Studio

Compass Video Studio is the latest marketing tool for agents of the tech-forward brokerage to leverage for new business and branding. As an extension of its marketing offerings to offices and agents around the country, tech-forward real estate brokerage Compass has launched Video Studio, a compendium of tools that creates animated, graphical slideshows to help … Read more

What’s a SPOA? The management concept Compass CEO Robert Reffkin can’t live without

The fast-growing brokerage and its CEO Robert Reffkin have developed an approach called “Single Point of Accountability” that sees 1 person tasked with driving projects forward. Compass CEO Robert Reffkin realized he had a problem as his company expanded. In a post this week for the Harvard Business Review, Reffkin recalled how his company was … Read more

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