Several:
- Compass says it is revolutionizing the home buying/selling process by creating superior technology. Compass has been around for 7 years and still has absolutely zero technological advantage over a low/mid-range small-town local brokerage. They use gmail & facebook, tools any 5th grader can sign up for.
- Compass is run by an inspirational aging peppy millennial, not unlike Adam Neuman, who likes to stand in front of compass offices and hand passer-bys cake pops. He frequently sends long emotional emails about past moments from his life & asks agents to buy compass stock.
- Compass is incredibly arrogant and does embarrassingly tacky things like stamping their logo all over legal documents and real estate contracts.
- Compass has raised $1.5 billion dollars in venture capital, the majority from Softbank, and frequently boasts about its fundraising on social media. Even though they have never turned a profit & they refuse to open their books.
- They use the majority of their fundraising dollars to lure top-producing agents away from their brokerages with massive signing bonuses and unrealistic commission spits. Yet they claim they are growing organically.
- Amateur C-level management continuously fleeing & being replaced by more amateurs with little to no real life real estate experience
