Robert Reffkin, CEO and founder of Compass, discusses caffeination strategies, how Compass became #1, learnings about building tech, 3 things agents care about most, what makes smart people stupid, sending messages back in time, and culture as a competitive advantage.

Robert Reffkin, the Founder and CEO of real estate tech company Compass, shares his inspiring journey from a humble background to entrepreneurial success. He reflects on pivotal career moments, resilience during the financial crisis, and the drive behind Compass's investment in technology. The discussion highlights the intricacies of real estate commissions, market trends, and the importance of fostering a supportive company culture among agents. Reffkin also envisions a tech-driven future in real estate by 2032, emphasizing client relationships and innovative tools.

In this episode, Byron Lazine discusses Lance Lambert's House Price Tracker, Compass CEO Robert Reffkin's outlook on the 2024 housing market, and mortgage loans in forbearance. They analyze housing market performance across US cities, discuss the state of the housing market including sales, inventory, and demand, provide insights on current housing market and buyer activity, and talk about the effect of forbearance on the housing market.

Robert Reffkin, founder and CEO of the real estate platform Compass, shares his journey of turning setbacks into momentum. He discusses how obstacles can be reframed as opportunities for growth, drawing inspiration from his early experiences and challenging times during the dot-com bubble. Reffkin emphasizes the importance of resilience, adaptability, and seeking feedback to fuel entrepreneurial spirit. He also highlights how transformative conversations and strategic pivots play a crucial role in defining one's path and achieving success.

Robert Reffkin, the Co-founder and CEO of Compass, shares his inspiring journey from a challenging childhood as a bi-racial, Jewish kid in Berkeley to leading a multi-billion-dollar real estate tech company. He reveals how a job interview turned into an entrepreneurial leap that launched Compass. Reffkin discusses overcoming past failures, the impact of his mother's resilience, and the company's rapid growth during the 2020 housing boom. He also emphasizes the importance of technology in reshaping the agent experience and the evolving landscape of real estate.