If you do or have ever worked in real estate, then you know how tough and competitive the industry is which makes it even more difficult to find the optimal balance between challenge and reward. When looking for a job in real estate then you might have come across Compass and find yourself considering whether they are a good company to work for. It is worth reading on to find out all you need to know about working for Compass.
Although you will technically work on a self-employed basis, you will be able to benefit from Compass’ technology in order to help the clients which you will also find through them. You will earn a commission on your sales just like other real estate agents, but you also have the extensive support that Compass gives to their agents.
The technology that Compass uses has advanced machine learning capabilities that will help you to find new clients as well as facilitate smooth communication between all parties involved in the transaction. The AI technology can also aid with pricing so you can help your client set a good but realistic price that they are happy with. Their technology can also help you to target the right clients and determine the best time to sell.
A steady income
You probably know how uncertain finances can be when you are self-employed, and you do not have an employer and a guaranteed wage at the end of every month. Compass did originally set out to pay their agents a set salary, but they found that this did not work for many of them. So, in sticking to the commission scheme, Compass gives you the chance to earn more money. You do not have a guaranteed income, but you can keep your earnings steady by working with more clients, which Compass and their tech will help you to find. Of course, it is recommended to any self-employed person to save money during your better months to keep you stable during quieter months.
What else should you know?
The money issue that comes with self-employment should not be a problem because many of the listings that Compass focuses on are in the higher-priced brackets. This means that the commission for successful sales is going to also be higher. Combining your commission with the number of clients you can potentially work with means that your earnings are only limited by the commitment you can put into your work. You can also receive additional training when you get started with Compass.
The downside is that you are not guaranteed to be accepted as Compass is more selective than most employers. For example, back in 2019, they had over 140,000 applications and only took on the top 1%. By only taking on a very select few, Compass can guarantee the best agents for their clients. Compass’ more selective hiring process will work out better for you in the long run.