Compass Agrees to Acquire Consumer’s Title Enterprise of California

• Certified in each county in California, the Consumer’s Title will considerably develop Compass’ settlement companies footprint throughout California

• Compass’ escalating settlement providers portfolio serves agents and their shoppers throughout California, Colorado, Florida, Washington Point out, Maryland, Pennsylvania, New Jersey, Virginia, Texas and Washington D.C.

NEW YORK, May perhaps 3, 2022 /PRNewswire/ — Compass, a leading engineering-enabled household genuine estate brokerage, now announced that it has signed a definitive arrangement to receive Consumer’s Title Organization of California, Inc. (Consumer’s Title). Licensed in all 58 counties in California, Consumer’s Title drastically expands Compass’ settlement services footprint in the area and further more integrates this vital part of the actual estate transaction into the Company’s current market-leading residential brokerage business enterprise.

“I am thrilled to welcome Consumer’s Title to Compass as we perform to expand our closing solutions organization through the condition of California and past,” mentioned Pooneet Kant, SVP of New Business enterprise at Compass. “Consumer’s Title’s long standing name for purchaser company speaks to the good get the job done by their environment-class, remedies-driven team whose moral technique tends to make them excellent partners for Compass.”

Compass is the biggest residential serious estate brokerage in California and qualified prospects both of those the Los Angeles¹ and San Francisco² marketplaces. Nationwide, Compass brokers transacted practically a quarter of a million households worth over $251 billion³ last calendar year.

Consumer’s Title is a leading title and escrow provider in California with 3 workplaces throughout the point out – Westlake Village and Santa Clarita in Southern California, and Gold River, in close proximity to Sacramento, in Northern California. Started in 2007, the company has a committed group of more than 40 escrow, title and profits administrators with approximately 200 many years of blended knowledge. The organization will keep the Consumer’s Title identify following the acquisition and its management staff – President, Joe Beckerle EVP and Normal Manager, Meagan Sullivan and CEO, Brian Troop – will continue being in their recent roles.

Tale continues

“Compass and Consumer’s Title both equally imagine that pairing gifted specialists with the ideal technological know-how can make the title and escrow process extra efficient and transparent for dwelling potential buyers,” claimed Brian Troop, CEO of Consumer’s Title. “We are incredibly fired up to be part of forces with Compass and look ahead to continuing to grow our enterprise by furnishing purchasers with the best degree of support and neighborhood knowledge during California.”

The transaction is expected to shut before the stop of the quarter and the phrases of the deal are not getting disclosed. The acquisition of Consumer’s Title expands Compass’ growing settlement solutions portfolio which now serves agents and their shoppers throughout California, Colorado, Florida, Washington Condition, Maryland, Pennsylvania, New Jersey, Virginia, Texas and Washington D.C.

About Compass
Started in 2012, Compass is the most significant household genuine estate brokerage in the United States. The technological innovation-enabled brokerage provides an end-to-end platform that empowers its residential actual estate brokers to provide excellent provider to seller and purchaser clientele. The platform involves an built-in suite of cloud-based software for consumer relationship management, advertising and marketing, consumer assistance, brokerage companies and other critical performance, all custom-built for the actual estate market. Compass brokers employ the system to improve their enterprise, save time and take care of their organization extra successfully. For more info on how Compass empowers authentic estate agents, a person of the major groups of tiny enterprise house owners in the country, please take a look at www.Compass.com.

Cautionary Observe Regarding Forward-Searching Statements
Statements contained in this push release that refer to foreseeable future activities or other non-historical specifics are forward-looking statements that mirror Compass’ present point of view on existing trends and details as of the date of this launch. Statements that contains text this kind of as “will,” or similar expressions constitute forward-seeking statements. These forward-seeking statements are produced pursuant to the harmless harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results might differ materially from Compass’ present expectations depending upon a amount of things impacting Compass’ organization, which include, but not limited to, enlargement into new markets, prevailing industry ailments, the effect of normal economic, marketplace or political ailments in the United States or internationally, and any long term dangers related to the impact of the ongoing COVID-19 pandemic. The foregoing record of risks and uncertainties is illustrative, but is not exhaustive. For facts about other possible factors that could impact Compass’ business enterprise and monetary results, be sure to review the “Chance Elements” described in Compass’ Type 10-K for the 12 months ended December 31, 2021 filed with the Securities and Trade Commission (the “SEC”) on February 28, 2022, and Compass’ other filings with the SEC. Other than as may be essential by law, Compass undertakes no obligation, and does not intend, to update these forward-hunting statements soon after the date of this launch.

¹ “The Listing: Residential Brokerage Companies,” Los Angeles Organization Journal, Print, 6/14/2021
² “Largest Bay Area Household Genuine Estate Brokerages,” San Francisco Company Instances, On line, 6/18/2021, https://www.bizjournals.com/sanfrancisco/subscriber-only/2021/06/18/biggest-bay-area-household-authentic.html
³ T. Velt, “RealTrends 500: The Increase of Compass,” RealTrends, On the net, HW Media, 3/25/2022, https://www.realtrends.com/realtrends-500-the-rise-of-compass/.

Media Make contact with
Chris O’Brien
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