Английская Википедия:Compass, Inc.

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Compass, Inc. operates a residential real estate brokerage in the United States.[1][2] It has approximately 28,000 agents, who are generally independent contractors, on its platform.[3]

In 2022, the company completed 211,538 transactions for a gross dollar value of $230.3 billion. It had a market share in the U.S. of 4.5%.[3] SoftBank Vision Fund owns 30.1% of the company.[4]

For its customers who sell their homes, in addition to regular brokerage services, the company provides access to loans to make home improvements[5] and access to bridge loans to fund down payments on new homes before the customers' previous home is sold.[6][7]

History

Compass was founded by Ori Allon, Robert Reffkin, and Avi Dorfman as Urban Compass, Inc. in New York City in October 2012.[3][8] Allon was a Director of Engineering at Twitter, and previously founded companies acquired by Twitter and Google.[9] Reffkin had previously served as the chief of staff to the president of Goldman Sachs[10] and worked in the White House.[11][12] Avi Dorfman had previously worked at McKinsey & Company and Lehman Brothers, and founded a startup.

The company raised $8 million of seed funding.[12][9] The initial business model employed full-time, salaried brokers[13] and was focused only on rentals.[14] The service was launched in May 2013.[15][14]

In January 2014, Compass announced it would change its overall business model by contracting independent real estate agents, receiving a portion of the broker commission.[16]

In July 2014, Compass signed a lease on 25,000 square feet of office space at 90 5th Avenue, which became its global headquarters.[17]

In June 2014, Leonard Steinberg, previously with Douglas Elliman, was named president of the company.[18][19] At that time, the company had 125 agents and 70 staff members.[20]

In July 2016, the company launched a mobile app.[21]

The company expanded into several markets, both organically and via acquisitions. By January 2017, the company operated in 9 U.S. markets: New York, Boston, San Francisco, Miami, Washington, the Hamptons, Los Angeles, Santa Barbara, and Aspen.[22] At that time, it had 1,300 agents.[23]

On April 1, 2021, the company became a public company via an initial public offering.[24]

In November 2021, Compass formally settled with Avi Dorfman, ending an 8-year dispute, and acknowledging him as a member of the founding team.[8] The company took a $21.3 million charge in connection with the matter.[25]

The company announced several rounds of layoffs in 2022 and 2023.[26][27]

Acquisitions

Date Acquired Description Source
November 2014 Lindsay Reishman Real Estate Washington, D.C.-based broker [28][29]
April 2016 Shane Aspen Real Estate Aspen-based broker [30]
January 2017 Bushari Real Estate Boston-based brokerage [31]
April 2018 Conlon Chicago-based brokerage [32][33]
April 2018 Northwest Group Real Estate Seattle-based brokerage [34][35]
June 2018 The Hudson Company Chicago-based brokerage [36][37]
July 2018 Paragon Real Estate Group San Francisco-based brokerage [38][39]
August 2018 Avenue Properties Seattle-based brokerage [40][41]
August 2018 Pacific Union International San Francisco-based brokerage [42][43]
November 2018 Wydler Brothers Washington, D.C.-based brokerage [44][45]
February 2019 Contactually CRM provider; shut down in March 2022 [46]
March 2019 Alain Pinel Realtors San Francisco-based brokerage [47][48]
April 2019 Stribling & Associates New York-based brokerage [49][50]
November 2019 Detectica AI Startup [51][52][53]
October 2020 Modus Home closing startup, shut down in June 2022 [54][55]
February 2021 KVS Title Title insurance and settlement services provider [56][57]
April 2021 Glide Labs Transaction management platform [58][59]
September 2021 First Alliance Title Title insurance and settlement services provider [60][61]
September 2021 CommonGround Abstract Title insurance and settlement services provider [62][63]
May 2022 Consumer's Title Company Title insurance and settlement services provider [64][65]
April 2023 Launch Real Estate Arizona-based brokerage [66][67]
September 2023 Deasy Penner Podley/DPP Pasadena-based luxury boutique brokerage [68]
September 2023 Realty Austin and Realty San Antonio Texas-based brokerages [69][70][71]
January 2024 Attorneys Key Title Fort Lauderdale-based title company [72]

Awards

Compass was named Mid-Sized Business of the Year by the Manhattan Chamber of Commerce in 2015.[10]

In 2018, Compass was named to Crain's Fast 50.[73]

In January 2019, it was ranked 14th on Glassdoor's Best Places to Work.[74]

In April 2019, Compass received a Webby Award for Best Real Estate Website.[75]

In August 2019, it was named to Fast Company's Best Workplaces for Innovators.[76]

Compass won the 2020 Webby Award in the real estate web category.[77]

References

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External links

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