Английская Википедия:Compass, Inc.
Шаблон:Short description Шаблон:Other uses Шаблон:Use mdy dates Шаблон:Infobox company
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
External links
Шаблон:Authority control Шаблон:Online real estate databases Шаблон:Real estate
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