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Compass, Inc. operates a residential real estate brokerage in the United States. [4] [5] It has approximately 29,000 agents, who are generally independent contractors, on its platform. [2] In 2023, the company completed 178,848 transactions for a gross dollar value of $186.1 billion. It had a market share in the U.S. of 4.5%. [2]
He began assisting these investors with property management, which eventually evolved into a brokerage called Fortune International Realty, focused on international buyers. [ 2 ] In the early 1990s, Fortune Development Sales was formed to serve developers of residential condominium projects by providing on-site sales representation.
In May 2011, Homes.com launched the Home Values channel [2] to display automated estimates of home prices. [3] In August, the company launched Homes Connect, a platform for real estate professionals. [4] In September 2014, David Mele was appointed president of Homes.com. [5] In January 2015, Andy Woolley became the head of industry development. [6]
Property management is the operation, control, maintenance, and oversight of real estate and physical property. This can include residential, commercial, and land real estate. Management indicates the need for real estate to be cared for and monitored, with accountability for and attention to its useful life and condition.
In 2005, entrepreneur Dallas Tanner and several others formed the housing and apartment investment company Treehouse Group in Arizona. [5] Between 2010 and 2011, it bought 1,000 distressed houses in Phoenix, Arizona, a city heavily impacted by foreclosures caused by the subprime mortgage crisis [2] and one of the first areas where private equity investor purchases of homes for rent took place ...
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