Compass

On behalf of the entire Compass community, thank you to all those who have served and protected our country.

Compass Founder and CEO Robert Reffkin recently appeared on Bloomberg to discuss the housing market and how NAR’s Clear Cooperation Policy is hurting both homeowners and buyers by artificially restraining the level of inventory in the market. There shouldn’t be a risk to list. Homeowners should have a choice to list however they want - with no days on market, no price drop history, no valuation estimates, without their listing agents' name being taken off their listings, without their listing inquiries being sold to 3rd party agents who don’t know the neighborhood or property, without their data being sold. Your Home. Your Choice. #ThisIsCompass Click here to watch the full segment: https://bit.ly/3YPxBBu

"Don't ever doubt yourself, even when others do." Congratulations to our President of Growth and Communications, Rory Golod, on being named to Crain's New York #40Under40 list! From his early childhood entrepreneurial spirit to leading Compass to profitability, Rory’s journey is an inspiration. His dedication to empowering agents and building a resilient business proves that hard work and persistence pay off. Congrats, Rory Golod! #ThisIsCompass

At Compass, we are working with our agents and their clients to create a company that better serves homeowners. For years, the traditional way of selling a home has been part of a system that puts sellers at a disadvantage. The most well-known real estate websites have built their business models at the expense of homeowners by showing negative insights on their listings, such as days on market, price drops, and home value estimates. Your home is your most valuable financial asset. You deserve the best return so that you can buy your next home, feel secure in your retirement, or pay for your child’s education. You shouldn’t have to compromise your financial future because the system isn’t built for you.  At Compass, we’re leveling the playing field by giving individual homeowners the same playbook and best practices real estate developers and professional homebuilders have benefited from for years. We’re working with homeowners to build the smartest and safest place to list homes. We are excited to announce the launch of our new 3-Phased Marketing Strategy that gives homeowners the same advantages as real estate developers and professional homebuilders. The marketing strategies that Compass supports are not new. In fact, they have been used by the largest and most successful group of sellers in the industry—professional homebuilders and real estate developers. They have a sophisticated playbook on how to sell homes and just like some homeowners, have properties they want to advertise that aren’t ready to be shown. Here are the key things they do: - Launch listings early off the MLS to pre-market without days on market & price drop history  - Test aspirational pricing without risk of price drops - Ensure their listing agent contact info is on the listing page and receives all listing inquiries (which can’t be accomplished when MLSs syndicate to real estate websites) - Protect and control their photos and data (watermarking photos which the MLS won’t allow) - Harness the power of pre-marketing and multi-phased marketing Your Home. Your Choice. Click this link to learn more: https://lnkd.in/enutuaym

At Compass we’re working with our agents and their clients to create a company that better serves homeowners. By building a company that protects and maximizes the value of their homes, we believe that more homeowners will want to list with Compass agents which will result in Compass agents having more inventory. Yesterday we delivered our third quarter in a row of positive free cash flow and have now done that in five of the last six quarters. Thank you to all of our agents and employees as without their hard work and dedication this would not be possible! #ThisIsCompass https://lnkd.in/e26urF_H

Compass agents now have more tools to secure stronger offers, accelerate negotiations, and move efficiently to a successful closing with the new Reverse Prospecting tool on the Compass platform. Reverse Prospecting provides real-time data on buyer activity on listings. Begin tracking the number of views, favorites, and comments from prospective buyers the moment a Compass agent shares your listing in a Collection with any of the over 100 million contacts in their CRM.

In a market where existing home sales are at a 30-year low, Compass agents continue to outperform the market—closing 55,872 transactions with a combined $57.7 billion in sales volume in Q3 2024! Their dedication is fueling Compass’ growth. Thank you to our agents and employees for choosing Compass and driving our success. The future is indeed bright! https://bit.ly/4htbPec

Compass reported its third quarter 2024 earnings results today, showcasing strong outperformance compared to the broader residential real estate market. We are deeply thankful for our 33,000+ agents and 2,500 employees across the country whose dedication helped Compass grow 18% faster than the market, with agents closing 55,872 transactions—a 16.1% year-over-year increase—while the market declined by 1.9%. Thanks to their efforts, Compass also grew Adjusted EBITDA significantly year-over-year and was free cash flow positive for Q3, marking the third consecutive quarter and five of the last six quarters achieving positive free cash flow. These results underscore the clear momentum we’ve built and the dedication demonstrated by our agent and employee community. Despite persistent market challenges, we are looking forward to ending 2024 on a high note. View the full summary of our results here: https://bit.ly/3Ytc93D

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