For the past eight years, the industry has been both scared of, and admired Compass. Its off-the-chart $7.4B valuation, four times that of Realogy – the industry’s giant and largest enterprise by a large margin (see latest 2020 study by T3 Sixty in their annual RealEstate Alamance) – is still deemed by many as a disappointment due to its expensive earlier funding rounds. Going forward, the now public company, with quarterly earnings reports, will face more scrutiny. The industry will see if it does have the secret sauce or is simply the existing brokerage model packaged with some new technology and branding. That said, Compass, at least for now, continues grabs the imagination of the industry even post IPO.