Compass Expands To Minnesota
NEW YORK, July 29, 2021 /PRNewswire/ -- Compass, Inc. (NYSE: COMP), a leading real estate technology company, today announced its expansion to Minnesota with 7 top agents in Minneapolis representing more than $170 million in 2020 sales volume. Principal agents joining Compass in Minneapolis include: John C. Adams and John F. Adams of John Adams Real Estate, Mike Steadman and Holly Connaker of The Steadman Team, and Andrew Spilseth and T.Cody Turnquist of Turnquist Spilseth Group.
"The agents joining Compass in Minneapolis are the perfect partners to build our presence in Minnesota," said Rachael Rohn, Compass Regional President. "As Compass continues to expand throughout the Midwest, our agents have long suggested Minnesota as a flourishing market with high-integrity agents that could expand our referral network. Minneapolis has seen strong market growth and we are incredibly excited about empowering the agents in the market with our proprietary tools and technology."
John Adams Real Estate joins Compass with more than $1.1 billion in combined career sales and over 55 years of combined experience. The father and son team are continually recognized as the top dual-agent team in Minnesota based on sales volume by The Wall Street Journal's "RealTrends: The Thousand." Having already surpassed $70 million in year to date sales for 2021, the duo specializes in the high-end markets and western suburbs of Minneapolis.
"By joining Compass as Founding Agents, we have the leading opportunity to modernize our acclaimed brand while elevating our personalized approach to continue to meet the expectations of our clients and the luxury properties we represent," said John C. and John F. Adams, Compass Agents in Minneapolis. "Compass' exclusive technology, inventive programs, and national network will allow us to focus on what we do best – serving our clients. We are inspired by the innovative leadership and feel lucky to be a part of Compass' forward vision for the industry and growth in Minnesota."
Compass helps agents grow their businesse, serve more clients, save time, and stand out as valued, trusted and professional advisors in their markets. During the first quarter of 2021, Compass had revenue of $1.1 billion, an 80% increase from Q1 2020. While the U.S. residential real estate market grew transactions by 14% in Q1, Compass grew total transactions by 67%.1
Other agents joining Compass in Minneapolis released the following statements:
Compass is home to nearly 22,000 agents operating in over 50 markets in the U.S. In 2020, Compass agents assisted home sellers and buyers to transact approximately $152 billion in residential real estate making Compass the largest independent real estate brokerage in the United States.2
Cautionary Note Regarding Forward-Looking Statements
1 We calculate Total Transactions by taking the sum of all transactions closed on the Compass platform in which our agent represented the buyer or seller in the purchase or sale of a home (excluding rental transactions). We include a single transaction twice when one or more Compass agents represent both the buyer and seller in any given transaction. 14% figure based on NAR data as of March 2021.
View original content to download multimedia:https://www.prnewswire.com/news-releases/compass-expands-to-minnesota-301344210.html
Private Network Strategies: CBRS, Private Networks etc.
Welcome Reception - For Paid Conference Pass Holders, Exhibitors, Sponsors, Speakers, Press
Strategies in Warehouse Management