Please wait as we prepare your PDF file ....

Mission Chronicle Blog

Search Blog

our goal is to help you stay informed by providing timely and interesting articles.

@properties loses more top talent to Compass in recruiting spree

11/19/2019

Download PDF

One of @properties’ top teams has moved to Compass, according to a report by The Real Deal Chicago published on Monday. Led by Pam MacPherson and Hayley Westhoff, the 10-agent MacPherson Westhoff Group specializes in serving buyers looking to move to Chicago’s suburbs.

MacPherson and Westhoff alongside team members Andrea Miller, Lauren Ganzhorn, Lori Stellwagen, Karen Morgan, Lori Hooten, Trish Herakovich, Laura Duckett, and Anna Theofanous have generated more than $80 million in transaction volume over the past year.

Pam MacPherson and Hayley Westhoff

“The MacPherson Westhoff Group is excited to announce that we’ve joined COMPASS,” the team announced on Facebook while unveiling a new logo. “We feel that Compass gives our clients a competitive edge by combining our team staging service with the Compass fully funded construction concierge service, bridge loan options, elevated marketing platform, and exclusive pocket listing service.”

Most recently, the team sold the Evanston mansion of well-known Chicago home building pioneer C.A. Hemphill for $2.6 million. The Real Deal estimated the team has $7 million in current listings, many of which are priced at the luxury end of the market.

Compass’ recruitment of The MacPherson Westhoff Group is another jab at @properties, the largest independent brokerage in Chicago. Since entering the market in 2017, Compass has poached several of @properties top talent, including Heather Gustafson, Cindi Sodolski, Jordan Euson and Rafael Murillo.

3 ways to get ahead in 2020 — starting right now Grow and nurture your sphere now so you can reap the rewards next year READ MORE

Compass and @properties have made it known there’s no love lost between the dueling giants, as evidenced by a billboard @properties placed near Compass’ Chicago offices in 2018 telling locals not to “ask for directions from a tourist,” TRD noted.

Thad Wong

At Inman Connect New York 2018, @properties co-founder Thad Wong shared his opinion on Compass’ recruiting tactics, which include offering sizable signing bonuses, access to a revamped stock option program, and 100-percent commission splits for the first year.

At the time, @properties hadn’t lost Gustafson, Sodolski, Euson or Murillo to Compass, but Wong said that some @properties agents admitted considering jumping ship to Compass, “but only because of the check.”

“When, for a lack of a better term, [you] have a lot of F-U money, and they just say, ‘I like you, you, and you, and they offer enough until that person goes, and it’s interesting to see what companies and which markets are the most vulnerable, and what relationships can be monetized, and which relationships can’t be monetized,” he explained.

Compass is unlikely to slow its recruiting of teams like The MacPherson Westhoff Group, as the company aims to reach 20 percent market share in Chicago and its other markets in 2020.

“Welcoming The MacPherson Westhoff Group to the team further strengthens our momentum in the greater Chicagoland markets like Glenview and the northern suburbs,” Compass Chicagoland regional president Rachael Rohn said in an emailed statement.

A spokesperson for @properties was not immediately available for comment.

Email Marian McPherson.

Source: click here

Read More

INSPIRED, INTELLIGENT, INSIGHTFULL

STAY INFORMED WITH TIMELY AND INTERESTING ARTICLES FROM OUR BLOG, MISSION CHRONICLE. OUR ASPIRATION IS TO PROVIDE REALTORS AND OTHER REAL ESTATE INDUSTRY PROFESSIONALS WITH EXCEPTIONAL RESOURCES AND SHARE OUR KNOWLEDGE TO PROPEL YOU TO YOUR GOALS.

  • Mission Chronicle Newsletter July 24, 2023

    Mortgage rates continued to press downward last week after the previous week's CPI data pointed to e...

  • Mission Chronicle Newsletter Feb 20, 2023

    Despite the recent downward trend in mortgage rates and hopes that the Fed was nearing the end of it...

  • Mission Chronicle Newsletter Feb 6, 2023

    The Federal Reserve meeting ended as market participants expected, with a quarter-point increase and...

  • Mission Chronicle Newsletter Dec 26, 2022

    Mortgage rates held relatively steady last week as most economic news came in better than expected.C...

  • Mission Chronicle Newsletter Dec 12, 2022

    Rates managed to move slightly downward last week as recession fears grew amid hopes that the Fedis ...

  • Mission Chronicle Newsletter Dec 5th 2022

    Mission Chronicle Newsletter Dec 5th 2022. Platforms: Browser, mobile-responsiveIdeal for: Leasing a...

  • Inman Review: Tenants and leasing teams get better connected with RentTango

    Have suggestions for products that you’d like to see reviewed by our real estate technology ex...

  • Tech Review: Smart Alto puts people first in its innovative lead qualification solution

    Have suggestions for products that you’d like to see reviewed by our real estate technology ex...

  • Refreshed and nurture-savvy, Market Leader’s CRM deserves your attention

    Have suggestions for products that you’d like to see reviewed by our real estate technology ex...

  • The top 4 tips to improve your negotiation skills

    In today’s luxury real estate market, strong negotiation skills are an asset—you might even say ...

June 2024
Mon Tue Wed Thu Fri Sat Sun
 12
3456789
10111213141516
17181920212223
24252627282930

  • Polls

    What information you are looking for?

    View Results

    Loading ... Loading ...
  • Last month Results

    How Is My Site?

    • Good (100%, 3 Votes)
    • Excellent (0%, 0 Votes)
    • Bad (0%, 0 Votes)
    • Can Be Improved (0%, 0 Votes)
    • No Comments (0%, 0 Votes)

    Total Voters: 3

    Vote

    Loading ... Loading ...