Compass CEO received $7 million bonus in 2023
Robert Reffkin got a hefty cash bonus and a raise for 2024, but he had to give up a stock plan worth upwards of $25 million.
January 2, 2024
AJ LaTrace
AJ has covered real estate for the last decade as a reporter and editor for publications including Vox Media's Curbed, Chicago magazine and Business Insider. At Business Insider, AJ led the brand's coverage of how everyday people invest in real estate as a means of gaining financial independence, and he reported on big-picture trends and pain points in the broader U.S. real estate market. AJ is based in Chicago, where he also moonlights as a small-time landlord.
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- The Ten: How Andy Florance took on the portal giantsThe CoStar CEO, who has openly criticized his competitors, set an ambitious goal for the company’s Homes.com search portal in 2023 — and beat it.December 31, 2023
- In their own words: Quotable moments from a memorable yearMany of the industry’s most influential leaders spoke with Real Estate News in 2023, and we’ve collected insights from some of these exclusive conversations.December 30, 2023
- ‘Selling Sunset’ star on LA’s ‘pretty wild’ luxury marketEmma Hernan, one of the star agents in the hit Netflix series, discussed LA’s mansion tax, cash offers and more with Real Estate News.December 28, 2023
- Zillow suing ARMLS and Metro MLS over ShowingTime accessZillow Group alleges that the MLSs and the MLS Aligned network are participating in anticompetitive practices by limiting member access to ShowingTime.December 27, 2023
- The Ten: How Ryan Schneider’s big bet paid offAs lawsuits bogged down many industry players, Anywhere’s CEO made the decision to settle, positioning his company to focus on profitability and the path ahead.December 27, 2023
- Here’s why 2024 will be 'the year of hunkering down'Mikaela Arroyo of John Burns Research says homebuyers will prioritize affordability over 'bells and whistles' and accept smaller homes that meet their needs.December 27, 2023
- Home prices hit record highs, with more gains likelyDespite 8% interest rates in October, annual home price growth continued to increase in most markets, the latest Case-Shiller report shows.December 26, 2023
- Home sales up after 5 months of declinesBefore making a small gain in November, existing home sales had been on a downward trajectory since July.December 20, 2023
- Zillow users loved small Northeastern towns this yearSmall cities in New Hampshire and Connecticut dominated the search portal's most popular markets for 2023.December 19, 2023
- Jason Gesing steps away from eXp boardThe former eXp CEO is resigning from the company’s board and reported selling 60,000 shares of company stock last week.December 18, 2023
- What happens with mortgages if there’s a recession?Even if the hoped-for economic “soft landing” isn’t so soft, don’t expect to see a wave of short sales and foreclosures next year.December 18, 2023
- New details in eXp sexual assault claims revealed by New York TimesFive women told the Times that it took a lawsuit to get action on predatory behavior. A second lawsuit has been filed, and eXp said that it let “bad actors” go.December 15, 2023
- Brokers in Focus: ‘There's no half doing this anymore’Laura Ellis, Baird & Warner’s strategy leader, believes changes spurred by Sitzer/Burnett will be “good for the serious, competent real estate professional.”December 14, 2023
- EasyKnock accused of deceptive practices, hit with fineThe Massachusetts attorney general claimed the "buy-before-you-sell" company targeted financially strained homeowners through its sale-leaseback program.December 12, 2023
- The Ten: Looking back on a year of mortgage rate madnessWhile high borrowing costs brought the market to a halt in 2023, there are signs that mortgage rate relief is coming in 2024.December 12, 2023
- KW Command updates include generative AI copywriting for adsKeller Williams also announced automated market snapshots and additional features as its CRM platform joins others in adding ChatGPT-powered capabilities.December 6, 2023
- Seattle-area brokerage quits NAR, on ‘right side of the story’Coldwell Banker Danforth broker/owner says he’s not against NAR, but that he wants agents to be able to decide for themselves if they join or not.December 4, 2023
- The Golden State’s housing market could be a sure bet in 2024A new ranking of the top 10 cities for growth includes five Southern California metros that could see double-digit sales growth next year.December 4, 2023
- Pending home sales drop to lowest level on recordNationally, pending sales slid 1.5% in October as mortgage rates spiked and buyers retreated.November 30, 2023
