NEW YORK, NY - In the newest edition of Unlisted with Brad Inman, Brad interviews Robert Reffkin, Co-Founder and CEO of high profile New York real estate brokerage Compass. Robert discusses Compass' $50 Million in new funding, national expansion, and 100% commission offer.
Compass has raised a total of $123 Million to expand aggressively across the country. Compass is already in Miami and will be launching offices in the Hamptons and Boston, then move onto Los Angeles, San Francisco, Atlanta, and Chicago. Focusing on urban markets, Robert is excited to move to new regions and provide "Compass technology, culture, and marketing" to the agents there. Compass has a less traditional business model, paying salaries and bonuses based on customer satisfaction and branding their agents as neighborhood specialists, with the intent of providing more for their agents and clients alike. Recruiting exclusively from the top ten percent of agents, they are committed to creating a culture of innovation and success for everyone involved in their company.
To listen to the full fascinating interview, please click here.
About Compass
Launched in 2013, Compass is a technology-driven real estate platform with offices in New York City and Washington, D.C., that combines exceptional agents with best-in-class technology to make the process of buying, selling and renting a home intelligent and seamless. Founded by Ori Allon—the former Director of Engineering for Twitter—and Robert Reffkin— formerly the Chief of Staff to the President and COO of Goldman Sachs—Compass is the first residential brokerage in the country to offer a proprietary mobile app exclusively for its agents, enabling them to update listings, conduct searches, respond to leads and communicate with clients. The agent app, in addition to the company’s integrated consumer web and mobile platform, was built by a team of 17 staff engineers who hail from companies including Google, Twitter and Facebook. To date, Compass has grown to 300 team members, attracted $600 million in exclusive listings, and raised $73 million from investors including Founder’s Fund, Thrive Capital, .406 Ventures and Advance Publications