Compass has been building a tech platform that it says is second to none in the industry. It costs about $900 million to make, and they say it's just about already. They're also working on integrating its title, mortgage, and escrow services into that CRM. If they can attach those services onto home sales, you could potentially double the revenue on any transaction.
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.