Is Compass worth $4.4 billion, and is it being valued as a traditional brokerage or a technology company? Mike DelPrete takes a look at the company’s valuation, revenue, transaction volume, agent count and profitability.
The mega-mansion, located at 908 Bel Air Road and initially priced for sale at $180 million, was listed for rent earlier this week. The dwelling covers more than 34,000 square feet and comes with an infinity pool, a health and wellness spa, and surround views of the ocean and the mountains. Celebrity plastic surgeon and developer Raj Kanodia built the property for home-flipping profit in 2018.
Transgender people experience homelessness at higher rates than the average population, according to surveys. One recent report by the National Center for Transgender Equality, a trans rights advocacy group, found that up to 30 percent of its 27,715 transgender-identifying respondents had been homeless at some point in their lives, and 12 percent due to their transgender identity.
NRT CEO Ryan Gorman is heads down, using big data to figure out how to get out from under commercial leases, reducing the biggest expense of most broker-owners: office space provided to house weak agents. Realogy is also shedding more and more poor performing agents, I am told — something most brokers are afraid to do.
The big residential brokerage franchisors and holding companies filed a motion on May 17 to dismiss the class action lawsuit filed by homeseller Christopher Moehrl seeking to upend the traditional commission structure in the real estate industry.