(WASHINGTON, DC) — With much expectation and little surprise, Compass has acquired another brokerage. This time, they’ve gone back to the beginning, Washington D.C., with their eyes locked on Wydler Brothers Real Estate.
Though the terms of the acquisition have yet to be disclosed, Compass now hosts 500 agents in Washington D.C., who have produced nearly $3 billion in sales volume in 2018.
D.C. was one of the first markets the company entered after venturing away from New York City in 2014. Since then, Compass’ presence has been a growing empire. With hopes to expand to a dozen more markets both in the U.S. and internationally, this new acquisition is just one of the many that are to follow as Compass plans to hold true to its promise of 20 percent market share in 20 major U.S.markets by 2020.
Founded in 2016, has grown to produce $400 million in sales volume. Amongst their competitors are Berkshire Hathaway HomeServices PenFed Realty, Keller Williams Capital Properties, Washington Fine Properties, Century 21 New Millennium, and TTR Sotheby’s International Realty.
Compass currently has more than 7,000 agents. One of the company’s biggest pulls is the Agent Equity Program, which permits agents to invest a portion, or all, of their earned commissions in stock options. The brokerage has been recently valued at $4.4 billion and is leading the way to massive expansion for both the company and real estate technology.
