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Top related persons:
“ - 1 ” Mantill Williams - 1 Williams - 1 Fresh - 1 ’ - 1 ” Williams - 1 ” - 1 Stephen Brobeck - 1
Top related locs:
Missouri U.S of Missouri New York Durango
Top related orgs:
ANGELES - 1 National Association of Realtors - 1 NAR - 1 Western - 1 of - 1 Redfin Corp - 1 Weichert Realtors - 1 Compass Inc - 1

Search resuls for: "Compass Inc"


3 mentions found


☆ Real Estate Industry Facing Pushback to Longstanding Rules Setting Agent Commissions on Home Sales
  + stars: | 2023-11-01 | by ( Associated Press | Nov. | At P.M. | ) www.usnews.com   time to read: +5 min
LOS ANGELES (AP) — A series of court challenges are seeking to upend longstanding real estate industry practices that determine the commissions agents receive on the sale of a home — and who foots the bill. But already the NAR and several real estate brokerages are facing another lawsuit over agent commission rules. As home prices have soared in recent years, pushing the national median sales price to $394,300 as of September, so have agents’ commissions. Traditionally, that works out to a 5% to 6% commission split roughly evenly between the buyer’s and seller’s agents. “The real solution is for buyers to be able to finance the buyer-agent commissions as part of their mortgages.
Persons: “, ” Mantill Williams, Williams, Fresh, ’, ” Williams, ”, Stephen Brobeck, Max, Brobeck, Michelle Chapman Organizations: ANGELES, National Association of Realtors, NAR, Western, of, Redfin Corp, Weichert Realtors, Compass Inc, “, Consumer Federation of America, Inc, MLS, Associated Locations: Missouri, U.S, of Missouri, New York
☆ Dodge Durango, Jeep SUVs push Stellantis second-quarter sales up 6.4%
  + stars: | 2023-07-03 | by ( Michael Wayland | ) www.cnbc.com   time to read: +2 min
DETROIT – Higher sales of the Chrysler Pacifica minivan and Jeep Compass and Dodge Durango SUVs pushed Stellantis' second-quarter U.S. new vehicle sales up 6.4% from a year earlier. Stellantis reported second-quarter sales of 434,648 vehicles, up from 408,521 cars and trucks a year earlier. Stellantis' results come after other legacy automakers reported second-quarter sales increases, and electric vehicle makers Tesla and Rivian reported deliveries that topped analyst quarterly expectations. Honda Motor and Nissan Motor on Monday both reported double-digit second-quarter sales increases of roughly 45% and 33%, respectively, compared to a year earlier. Other automakers such as General Motors and Ford Motor are expected to report second quarter sales later this week.
Persons: Stellantis, Jeff Kommor Organizations: DETROIT –, Chrysler Pacifica minivan, Jeep Compass, Dodge Durango, Pacifica, Cox Automotive, Honda Motor, Nissan, Hyundai Motor, Motors, Ford Locations: Durango
☆ Real estate broker Compass to cut more jobs to deal with housing downturn
  + stars: | 2023-01-05 | by ( ) www.reuters.com   time to read: +1 min
Jan 5 (Reuters) - Real estate broker Compass Inc (COMP.N) said on Thursday it would cut more jobs to deal with a downturn in the housing market as it set a target of becoming free cash flow positive by the end of the second quarter. Home sellers looking for buyers gave concessions in nearly 42% of home sales in the fourth quarter — the highest share in any three-month period, real estate broker Redfin said, citing its records in a report on Thursday. Compass did not specify the number of job cuts in its latest round of workforce reduction. Compass said it is aiming to reduce its annualized non-GAAP operating expenses to between $850 million and $950 million. "Workforce reduction does not impact the U.S. technology engineering team and the company continues to prioritize its technology platform," Compass said in a regulatory filing.
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