Stuart Elliott
Compass brokers vomiting over clauses in their contract. The “Barney” theme song being used to torture homeless people. A SPAC-backed company being valued at 86 times its revenue.
This month’s magazine shows there is a lot more going on than coronavirus and presidential politics.
Our cover story looks at Compass, which has quickly become the nation’s third-largest brokerage and is about to go public. The company has touted agent retention as a key part of its rise, but less noticed are the onerous clawbacks in its contracts — where brokers have to pay back bonuses and other incentives they have already received if they decide to leave.