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Compass Surges in Luxury Real Estate | Real Estate News
Compass is crushing it in luxury real estate, raking in over $4.3 billion in Q2 revenue while the broader market stalls—thanks to the “wealth effect” and elite agents who thrive even as interest rates climb. CEO Robert Reffkin is also taking aim at MLSs and portals, calling them anticompetitive and pushing for a more open market where Compass could dominate search traffic. While cutting underperforming agents, they’re ramping up hiring to hit full scale by 2027, bolstered by new exec hires and partnerships—including with a rival to the NAR. Their AI-powered Home Platform, already in use at…
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