Tuesday, March 5, 2019

Alain Pinel turned down Compass' acquisition offer last year. Now, it's changed its mind

Fast-growing brokerage Compass has acquired Alain Pinel Realtors, just months after APR's president said the company had “no desire to sell.” The purchase brings a whopping 1,300 agents to Compass, increasing its headcount to 3,000 across the Bay Area and 4,500 in California. Compass uses a proprietary platform to ease the selling process for both its agents and clients and has been on an acquisition spree that has included tech platforms as well as brokerages. But this particular deal may…

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