Compass is not the only brokerage that is struggling right now. There are so many residential mortgage and prop tech companies that have reported huge losses because of macroeconomic factors. Katherine: What's interesting is that compass, you know, had spent so much money and now they're under pressure. But across the board, residential brokerages have been dealing with major year over year declines.
Compass CEO Robert Reffkin had a busy Nov. 10. Hours after speaking at a TRD forum in Miami, Reffkin got on a conference call with analysts to discuss the company's much anticipated earnings results for the third quarter. Compass lost $157 million from July through September — more than it lost in the second quarter. Deconstruct looks at the state of the brokerage, why it's struggling and where it goes from here.
Guests: TRD reporter Harrison Connery, TRD deputy web editor and South Florida reporter Katherine Kallergis.