Does anyone have any familiarity with Compass platform? At first it seemed like the plan was to cut out a huge amount of busy work from agents' load and ultimately reduce the need to keep so many employed. Shaving away the cut paid out to agents would make a lot of sense. However, the story for the last year or so has been that they are simply spending a fortune buying up smaller companies and paying out higher-than-standard commissions.
Was the notion that their technology is their secret sauce abandoned? Did the platform just not meet the stated goals? The promise of their software seems gone and they look like a plain old real estate company trying to buy their way to market share with investment money.
Was the notion that their technology is their secret sauce abandoned? Did the platform just not meet the stated goals? The promise of their software seems gone and they look like a plain old real estate company trying to buy their way to market share with investment money.