RealTrends analysis: Over 200 agents joined Compass during Q2
More than 200 agents joined Compass during the second quarter of the year. Those agents combined to generate $2.25 billion in closed sales in 2021, according to an analysis of BrokerMetrics and RealTrends data.
The 200 agents came to Compass from a variety of prior circumstances, joining the brokerage through company acquisitions, team moves and personal decisions to switch brokerages.
Agents and teams joined Compass from several different brokerages, including Sotheby’s International Realty, Berkshire Hathaway HomeServices, eXp Realty, Corcoran, Douglas Elliman, The Agency and Keller Williams
Some of the most notable moves to Compass included the brokerage’s acquisitions of New York City-based brokerage LG Fairmont, and the Miami-based Riley Smith Group. These moves netted Compass 60 and 30 agents, respectively.
These new additions expand Compass’s footprint in numerous markets across the county from Martha’s Vineyard to Florida’s 30A market to Pittsburgh, Minneapolis, Aspen, Hawaii, and several other markets in between.
Agents and brokers cited a variety of reasons for moving to Compass including the brokerage’s technology and how it approached its brokerage-agent relationships.
“Compass’ technology is certainly something that we have been looking at for a long time and I think it has only gotten better since I started talking with them,” Riley Smith, team leader of the Riley Smith Group, said. “I think it is a really valuable tool for our agents, so we can continue to compete with everyone out there. We have been sitting back and watching how all of those teams got integrated into Compass and just seeing how their success has grown. I also feel that at this point in time we are looking for collaboration and team building and I feel that Compass really encourages that.”
Bret Crino, of the Tampa-based The Sails Team, added: “Compass is the only other brokerage I would join. They have built the best brand nationally, and it’s around their agents.”
In 2021, Compass agents closed 224,067 transaction sides for a total sales volume of $251.019 billion, making it the top-ranked brokerage by sales volume in the 2022 RealTrends 500 rankings.
