Full-Time

Business Development Manager

Updated on 11/15/2024

Compass

Compass

10,001+ employees

Real estate technology platform for transactions

Enterprise Software
Real Estate

Compensation Overview

$113.4k - $138.6kAnnually

+ Bonuses + Restricted Stock Units

Mid, Senior

New York, NY, USA

Category
Business Development
Business & Strategy
Required Skills
Agile
Requirements
  • Real estate experience preferred
  • 5-9 years of experience in progressive business development roles
  • Ability to build and maintain account management processes
  • Strong consensus and relationship building skills
  • Legal contract management and vendor management experience
  • Ability to multitask within a fast-paced agile environment
  • Comfort with collaborating cross-functionally with internal product and engineering teams as well as with external stakeholders
Responsibilities
  • Establish an outreach and sales strategy to add new Compass vendors, expanding support to new markets and deepening relationships in existing ones
  • Leverage career experience, skills, and network to develop the sales process and tools needed to execute new agreements that facilitate growth and evolve the platform
  • Negotiate with real estate associations and MLS partners to close a wide variety of deals primarily for Forms and MLS listing data licensing, but quickly expanding to Forms enrichment and other MLS use cases
  • Maintain existing Forms and listing data licensing agreements to ensure uptime of the licensed data that powers the Compass platform, by tracking changes, maintaining relationships with internal and external partners, updating agreements as needed, and keeping organized records
  • Onboard new vendors to Glide & Compass software, including managing the form intake processes, membership verification setup, and range of other tasks to successfully launch new experiences
  • Foster a function of Account Management for vendors and partners who onboard, to ensure initial deployments are set up to meet or beat goals / KPIs (e.g. Form launches, adoption rates, data feed replacement timelines, etc.)
  • Build strong relationships with association partners who advocate for our services amongst their real estate agent member-base and who want to deepen their relationship with Compass
  • Organize training / marketing initiatives, and meet quarterly with top partners to update them on current products / adoption rates and to gather feedback
  • Grow our go-to-market team function across all major real estate markets, partnering with product and engineering teams to drive adoption
  • Collaborate with our Product Marketing team to strategize and deploy new product release strategies
  • Build new processes for scalable growth as the first BD / Account Management hire

Compass provides a platform that simplifies the process of buying and selling real estate. The platform integrates various tools and services that assist both real estate agents and their clients throughout the entire transaction workflow. Users can access features that enhance efficiency, making it easier to navigate the complexities of real estate deals. Unlike traditional real estate firms, Compass leverages technology to create a more streamlined experience, which helps attract a diverse clientele, including individual homebuyers and real estate professionals. The company's goal is to ensure that everyone can find their ideal home while making the process as smooth as possible.

Company Stage

IPO

Total Funding

$2B

Headquarters

New York City, New York

Founded

N/A

Growth & Insights
Headcount

6 month growth

2%

1 year growth

6%

2 year growth

10%
Simplify Jobs

Simplify's Take

What believers are saying

  • Joining Compass offers the opportunity to work with the largest residential real estate brokerage in the U.S., providing significant networking and career growth potential.
  • The company's focus on innovation, as evidenced by its participation in the Inman Innovator Awards, suggests a dynamic and forward-thinking work environment.
  • Compass's expansion into key markets like Arizona and Florida indicates robust growth prospects and increased market presence.

What critics are saying

  • The rapid expansion and acquisition strategy may lead to integration challenges and cultural clashes within the company.
  • As the largest player in the market, Compass faces intense scrutiny and pressure to maintain its leadership position, which could impact employee stability.

What makes Compass unique

  • Compass is the largest residential real estate brokerage in the U.S. by sales volume, setting it apart from competitors in terms of market reach and influence.
  • The company's end-to-end platform empowers agents to deliver exceptional service, providing a technological edge over traditional real estate firms.
  • Compass's strategic acquisitions and recruitment of top talent, such as in Arizona and Florida, bolster its competitive advantage in luxury real estate.

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