NEW
YORK, May 13, 2024 /PRNewswire/ -- Compass, Inc.
(NYSE: COMP) ("Compass"), the largest residential real estate
brokerage in the United States by
sales volume1, announces the addition of
Parks Real Estate, Tennessee's
number one residential real estate firm by sales volume with over
1,500 agents. The combination of Compass and Parks agents now
represents one of four homes sold in Tennessee.
With this addition, Compass strengthens its position in
Nashville and enhances its
presence in the Southeastern U.S. Compass continues to attract top
talent nationwide through deliberate acquisitions and organic
growth. Parks Real Estate brings a wealth of local expertise and
inventory, and by aligning with Compass, its agents gain access to
the industry's leading technology platform and an expansive
national referral network.
"Today, we have significantly added to our presence in the
Southeast, welcoming the top brokerage in Tennessee," noted Compass CEO & Founder
Robert Reffkin. "With the continued
migration of the U.S. population moving to the South, and 16% of
Compass transactions last year being referrals, our expansion in
the Southeast allows for more connections and opportunities for our
agents as our national network grows."
Led by CEO Hunter Connelly, Parks
Real Estate, which includes the brand Pilkerton Realtors, fosters a
collaborative, entrepreneurial environment. Parks Real Estate, the
market leader in Tennessee, adds
$6.25 billion in 2023 transaction
volume to Compass' nation-leading $186.1
billion in 2023 transaction volume.
"We believe that with Compass, we are positioned for sustained
success within an evolving industry landscape," remarked Connelly.
"Combined, we have more listings, more collaboration with great
agents, and industry-leading tools to serve Tennessee best while maintaining our amazing
culture and brand loyalty."
In 2023, Compass introduced 103 new features to the Compass
platform, including Compass AI and Performance Tracker.
- Compass AI is a machine-learning tool with features that enable
agents to craft compelling listing descriptions and design
effective marketing strategies, among other things.
- Performance Tracker is a tool designed to revolutionize how
Compass agents track and analyze their business metrics.
Compass also recently acquired Latter & Blum, the leading
brokerage in the Gulf South, and added top agents Mario Greco in Chicago and Mollie
Poe and Declan Hickey in
San Francisco.
About Compass
Compass is the largest residential real
estate brokerage in the United
States by sales volume. Founded in 2012 and based in
New York City, Compass provides an
end-to-end platform that empowers its residential real estate
agents to deliver exceptional service to seller and buyer clients.
The platform includes an integrated suite of cloud-based software
for customer relationship management, marketing, client service,
brokerage services and other critical functionality, all
custom-built for the real estate industry. Compass agents utilize
the platform to grow their business, save time and manage their
business more effectively. For more information on how Compass
empowers real estate agents, one of the largest groups of small
business owners in the country, please visit www.compass.com.
About Parks Real Estate
Parks Real Estate is home to
more than 1,500 agents in 15 offices across five counties, making
it the largest residential real estate company in Tennessee. Parks frequently earns the top
ranking in annual market share in Tennessee with home sales totaling in the
billions. Parks is the Nashville Business Journal's top-ranked
residential brokerage firm and highly ranked as a top real estate
brokerage in the U.S. by RealTrends. With a focus on staff and
agents, Parks has been recognized as a Top Workplace by The
Tennessean for eight consecutive years. More information is
available at parksathome.com.
1 T. Velt, "eXp, Compass top 2024
RealTrends Verified brokerage rankings for second year," Online, HW
Media, 3/22/24,
https://www.housingwire.com/articles/exp-compass-top-2024-realtrends-verified-brokerage-rankings-again/
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SOURCE Compass