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Compass, Inc. operates a residential real estate brokerage in the United States. [4] [5] It has approximately 29,000 agents, who are generally independent contractors, on its platform. [2] In 2023, the company completed 178,848 transactions for a gross dollar value of $186.1 billion. It had a market share in the U.S. of 4.5%. [2]
In 2018 he became the first real estate professional to exceed $2 billion in home sales in a single year, [7] a threshold he surpassed again in 2019 [8] and 2020. [9] Between 2004 and 2021, Caballero was the real estate agent of record for approximately 48,000 property sales and $17 billion in cumulative transaction volume. [3]
The website is licensed to operate by the National Association of Realtors (NAR), the real estate industry's largest trade association. [3] [7] The company's business model is built around selling referral-based solutions, leads, and advertising to agents, brokers, and others in the real estate industry. [8] Realtor.com covers 80 countries.
A multiple listing service (MLS, also multiple listing system or multiple listings service) is an organization with a suite of services that real estate brokers use to establish contractual offers of cooperation and compensation (among brokers) and accumulate and disseminate information to enable appraisals.
The typical commission on a real estate transaction totals somewhere between 5 and 6 percent of the home’s sale price, split evenly between the listing agent and buyer’s agent.
Allen Tate Realtors is a founding member of Leading Real Estate Companies of the World, a network of more than 140,000 affiliated agents in 30 countries. In 2013, this network accounted for 686,947 home sales units (26.7% of all home sales units in the United States).
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