Where Real Estate Gets Its Dirt

Rob Hahn calls bullshit on Compass claims

Compass and Coming Soon: Not About the Client

“If the Governing Principles to the Compass Agreement had read something like “Agent must use “Coming Soon” with those sellers who understand the pros and cons of the program, have privacy concerns, or other extenuating circumstances, first activating those listings for 5 days internally…” then there is some basis to think that maybe the policy really is about providing flexibility to the seller.

But the way the Agreement spells things out, it is crystal clear that Compass doesn’t care about the seller in the least bit. In fact, I’m not even sure that Compass cares about the fiduciary relationship between the Agent and his or her sellers. I mean, how likely is it that every single seller of a Compass agent would benefit from “Coming Soon” that is exclusive to Compass for a minimum of 10 days?”

Someone sent a copy of Compass’ Independent Contractor Agreement to Rob and its a doozie. Apparently, if I’m reading this right, a Compass agent under this agreement must put their ALL their listings in the in-house Coming Soon/Pocket Listing process or they lose their splits and perks.

For some reason “Cory” left that little nugget out of in their “pre-litigation” letter to Bright MLS.

Here’s Rob again about Compass’ claims…

“ “All of Agent’s sellers” puts the lie to the various excuses offered up that Coming Soon is really about client service. A “Coming Soon” strategy that is about the seller would never be a blanket one-size-fits-all policy, but one that makes certain that the seller is well-informed and is voluntarily choosing the strategy fully aware of the risks and rewards involved.

What a disaster.


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