Compass, Inc. Class A Common Stock (COMP)
Competitors to Compass, Inc. Class A Common Stock (COMP)
eXp Realty, LLC EXPI +2.84%
eXp Realty operates on a cloud-based platform that allows agents to work remotely, minimizing overhead costs while providing competitive commission plans. Compass, contrastingly, emphasizes a high-touch service approach combined with technology, working to create an extensive support network for its agents. eXp Realty’s innovative virtual office model attracts those agents who are looking for low costs and flexibility in their work environment. Conversely, Compass aims to deliver comprehensive tools and marketing support. While eXp has a competitive edge in its unique operational structure, Compass appeals to agents seeking premium support and services in sales.
Keller Williams Realty, Inc. KW -3.41%
Keller Williams and Compass are both real estate brokerages that focus on empowering agents, but their methods differ significantly. Keller Williams operates on a franchise model that emphasizes profit sharing and a strong culture of collaboration among its agents. In contrast, Compass positions itself as a technology leader, providing advanced tools and solutions to streamline the sales process for agents. While Keller Williams has a strong grassroots community feel that resonates with many agents, Compass's tech-driven approach may appeal more to those looking for cutting-edge resources. Keller Williams maintains a competitive advantage in agent acquisition and retention through its robust community, while Compass attracts agents seeking technological support and innovative strategies.
RE/MAX Holdings, Inc. RMAX -0.88%
RE/MAX is a long-standing player in the real estate brokerage industry that differentiates itself through its extensive network of independently owned franchises. While Compass relies on a tech-driven model to support agents and optimize transactions, RE/MAX thrives on its brand recognition and established presence in diverse markets. The franchise model empowers local agents with autonomy and draws in those familiar with the RE/MAX brand. This can often lead to advantages in local markets. However, Compass's innovative tools designed for agent success and modern marketing strategies appeal to tech-savvy agents looking for added support, making it a significant competitor.
Redfin Corporation RDFN -0.92%
Redfin and Compass both operate within the real estate brokerage space, but while Redfin primarily functions as a technology-powered real estate brokerage that offers reduced commission rates for buyers and sellers, Compass focuses on providing high-end marketing and technology tools to agents. Redfin's direct online model allows for efficient transactions and lower fees, potentially appealing to budget-conscious consumers. Compass’s agent-focused approach, with a more luxury-oriented service offering, can capture a different segment of the market. Although Redfin has a competitive advantage in fee structure, Compass can excel in serving affluent clientele demanding premium services.
Zillow Group, Inc. Z -2.54%
Zillow Group and Compass compete primarily in the online real estate marketplace space, where Zillow provides listings, property data, and valuation tools. Compass focuses more on empowering real estate agents with technology and services to enhance their sales capabilities. While Compass emphasizes its agent-centric approach and offers advanced marketing tools for real estate professionals, Zillow leverages its massive consumer traffic and strong brand recognition to attract buyers and agents alike. Zillow's marketplace model gives it an edge in terms of user reach, making it a leading competitor in terms of online visibility and consumer trust.