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RealTrends Q32021 BrokerPulse sees brokers still optimistic about the market, wary of competition and wondering when inventory will rise.

2021 RealTrends Brokerage Compensation Report

For the study, RealTrends surveyed all the firms on the 2021 RealTrends 500 and Nation’s Best rankings, asking for annual compensation data for the 2020 calendar year.

Knock.com’s Sean Black on the transaction revolution

Real estate is on its third revolution, from the digital revolution of the early 2000s to the information revolution kicked off by Trulia and Zillow to today's transaction revolution.

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Compass beats estimates in Q2 2021

The brokerage reported $7 million in Q2 2021 losses but major gains in revenue and market share

HW+ Robert Reffkin Compass
Compass CEO Robert Reffkin

Is Compass on the right track?

The New York City-headquartered residential brokerage lost money again in the second quarter. But its net loss of $7.1 million more than favorably compared to not just a deficit of $84.2 million in the second quarter of 2020 – when the real estate market faced its pandemic low point – but $212 million of negative income in this year’s first quarter.

Meanwhile, the eight-year-old brokerage’s gross revenue soared to $2.0 billion. Granted, 81% of that revenue goes back to Compass agents, mostly as their cut of sales commissions. But the $361 million in revenue – after the deduction of commissions and other related expenses – compares to $151 million revenue for the first quarter.

“We are in the strongest position we have ever been as a company,” declared Compass CEO Robert Reffkin during an earnings call Monday. …(article continues on HousingWire.com)

This article was originally published by HousingWire. The full article is available on HousingWire.com for HW+ Members.

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