THE executive reshuffles in the brokerage space continue this week, with Compass announcing that Mark McLaughlin has returned to the company as Chief Real Estate Strategist.
McLaughlin previously became a key member of Compass in 2018 when the brokerage bought his business, Pacific Union, for north of $80 million. He eventually left Compass in 2021. While at Compass, he led the company’s California operations and helped lead numerous mergers and acquisitions, and helped introduce ancillary services such as mortgage, as well as title and escrow into the business.
Additionally, during his tenure as CEO of Pacific Unionhe led the company through 12 mergers and acquisitions, leading the company to eventually become California’s largest independent brokerage in 2018 with more than 2,000 agents, according to the statement.
“Mark reflects the best of real estate leadership. His depth of experience and track record in building successful real estate businesses are huge assets, and we are very excited to welcome him back to the Compass family,” said Robert Reffkin, Founder and CEO of Compass, in a statement.
In his new consulting role at Compass, McLaughlin said he will strive to maintain Compass’ agent-centric focus, working with local leaders and real estate professionals.
“Returning to Compass allows me to continue giving back to an industry I love at a company where I have a passion for success. I can make a difference in our pursuit of greatness at Compass,” McLaughlin said in a statement. “As a performance-based entrepreneur, I am thrilled to be part of a great company that is committed to being even better for all of its stakeholders.”
McLaughlin is also president of McLaughlin Ventures and sits on the board of directors of Realfinity And Milestone Labs.