Compass Agents to Launch Compass Plus: A New Division Serving the Real Estate Needs of Older Adults

New York- August 27, 2023 -Compass, Inc. (NYSE: COMP) ("Compass" or the "Company"), the largest residential real estate company in the United States by sales volume, announces the launch of the Compass Plus Division. The newly formed division will bridge the gap between older adults and essential real estate and adjacent services such as home health, move management, and estate planning.

"As real estate agents, we are the boots on the ground in the community and have seen the need for more resources for older adults, who often lack family close by," said Compass agent Richard Spiering, who is spearheading the division alongside fellow Compass agents Ruth Reffkin, Ryan Garson and Knute Brookshier.

The need for such specialized support has never been greater. At the start of the decade, about 1 in 6 people in the United States were age 65 and over, compared to less than 1 in 20 in 1920, and the number is expected to accelerate, according to the United States Census Bureau.

Recognizing this growing demographic and their unique needs, Compass Plus will centralize resources with vetted Compass real estate agents from coast to coast who share a commitment to serving older adults with compassion and understanding.

"We recognize the challenges of navigating real estate decisions for older adults. Compass Plus is here to bridge the gap, ensuring that agents nationwide can refer their clients to specialists who truly understand and cater to these needs," expressed Ryan Garson. "As many of us have aging parents or grandparents, we know how vital it is to have compassionate and knowledgeable support during these transitions."

The leaders of the division have authentic ties to the senior community. Spiering formerly owned an ambulance company that worked closely with nursing homes and assisted living centers, and Ruth Reffkin, the mother of Compass CEO Robert Reffkin, has decades of experience aiding seniors in their real estate buying and selling needs. Coupled with Garson's marketing prowess, the team's complementary backgrounds and holistic approach will ensure that their clients receive comprehensive support beyond what most agents typically provide.

Home sales involving older adults often involve abodes that need renovations or staging to prepare them for sale. Compass Concierge, a company program that upfronts capital to enhance the value and appeal of properties before sale, will aid the division's mission.

"At the end of the day, real estate is a people business, and here is a division that is meant to help a population that needs dedicated, patient, and ethical support," said Ruth Reffkin.

For more information about Compass Plus and its services, please visit Compassplusdivision.com.