Compass : To Expand To New Orleans, Entering Louisiana And Mississippi, Will Welcome The #1 Brokerage In The Gulf South Region

April 3, 2024 Compass To Expand To New Orleans, Entering Louisiana And Mississippi, Will Welcome The #1 Brokerage In The Gulf South Region Latter & Blum, a 100+-year-old boutique brokerage headquartered in New Orleans, to gain access to a vast referral network and to the industry's leading contact-to-close platform

New York, New York, April 3, 2024 - Compass, the largest residential real estate brokerage in the U.S. by sales volume, will expand its nationwide footprint by entering New Orleans and the broader Louisiana and Mississippi markets through the strategic acquisition of Latter & Blum. Renowned throughout the Gulf South as the home of trusted and knowledgeable real estate advisors, Latter & Blum agents closed $3.6 billion in transaction volume in 2023. With this addition, Compass will have a presence in an area many Compass agents favor for expansion and Latter & Blum agents gain access to a vast agent referral network and the industry's leading technology platform.

"We are excited to welcome the #1 brokerage in the Gulf South to Compass," said Compass Founder & CEO Robert Reffkin. "We will now have a firm presence across the Gulf Coast, from Texas to Florida, providing more opportunities for our agents to transact and better serve their clients."

Founded in 1916, Latter & Blum is led by Chairman Robert Merrick and CEO Lacey Merrick Conway, who will continue to manage operations locally. They have cultivated a culture of opportunity that mirrors Compass' dedication to collaboration and growth. In less than a decade, Compass has attracted top agents and welcomed like-minded firms to become the nation's largest residential brokerage by sales volume.

"At Latter & Blum, we take pride in creating life-changing opportunities and meaningful careers for agents," said Merrick Conway. "This partnership enhances our commitment, providing our agents and the local community access to an expansive referral network and cutting-edge tools driving the industry forward while maintaining our local culture and expertise.

Compass has continued to invest in strengthening its agent-focused tools and programs. Last fall, the company launched Compass AI, a machine-learning tool that empowers agents to craft compelling listing descriptions and design effective marketing strategies. Additionally, Compass announced an international referral program in partnership with Barnes International, a leading European brokerage.

About Compass

Founded in 2012, Compass is the largest residential real estate brokerage in the United States. The technology-enabled brokerage provides an end-to-end platform that empowers its residential real estate agents to deliver exceptional service to seller and buyer clients. The platform includes an integrated suite of cloud-based software for customer relationship management, marketing, client service, brokerage services and other critical functionality, all custom-built for the real estate industry. Compass agents utilize the platform to grow their business, save time and manage their business more effectively. For more information on how Compass empowers real estate agents, one of the largest groups of small business owners in the country, please visit www.Compass.com.

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