Whether you’re an estate agent looking for a real estate brokerage to work for, or a homeowner hoping to sell your property, you may have come across Compass in your search. Here is everything you need to know about them.
Compass is a good company to work for or buy or sell property through. They are a real estate brokerage, which was founded in 2012, originally named Urban Compass. The founders, Robert Reffkin and Ori Allon wanted to bring honesty and transparency to the real estate industry, which they said it lacked at the time.
They also sought to change the payment structure for their real estate agents by paying a salary but quickly discovered the commission structure was more effective, giving their agents the chance to achieve a higher income.
How is Compass different?
Compass has several differences compared to other real estate brokerages. They are more open to making changes, such as trying out a salary. Although this didn’t prove to be the best payment structure for their agents, it shows they will try out different ways of doing things in order to improve.
Another difference is the technology they use. Compass agents can use this to determine the best and most accurate prices for their listed properties, and the best times to sell. This limits the amount of time many of their properties are listed for before finding the right buyer. Although many brokerages and estate agents use technology to sell homes, Compass has a dedicated team of software and app developers who have worked extensively on the AI and machine learning software that Compass utilizes to help their agents and clients.
Why Compass is a good brokerage to work for
Compass can be a good brokerage to work for if you’re an experienced and hard-working real estate agent. They offer agents access to the technology mentioned above. This makes sales much easier, which in turn leads to higher commissions. The only limit to how much you can earn is how much time you are prepared to invest, but having the support of Compass makes higher earnings more realistic and achievable.
Of course, being self-employed in any industry isn’t for everyone. However, real estate agents who value this support, combined with the independence of being self-employed, will be the most suitable people to work for Compass.
Why you should sell your property with Compass
If you have a property to sell, you should choose Compass if you want to not only get the best price for your property, but also want to make use of their advanced technology to sell your property quicker. Because their recruitment process is selective, you will get the experience and expertise of an agent who knows about properties like yours and can guide you through the sale of your home, while negotiating to get you a price you’re happy with.
Because potential buyers can narrow down their search by square footage, property type, and amenities, you could sell your home with fewer viewings, saving you time.
If you’re looking for an established real estate brokerage to work for or sell your property through, Compass is a brokerage to consider.