News: Brokerage

Modica joins Compass

Ralph Modica, Compass Ralph Modica, Compass

New York, NY According to Compass, a technology-driven real estate platform, Ralph Modica, has joined the company along with his five-member team.

Previously, he worked at Douglas Elliman and CORE where he was among the top-ranked Brooklyn agents. Before Modica entered real estate, he worked in film and media for VH1, A&E, and the History Channel for nearly two decades.

He says his creative background helps him market his properties in the best way possible for his clients.

“We are excited to welcome Ralph to Compass. He has earned an excellent reputation in a relatively short period of time, and we look forward to a successful future with him,” said Robert Reffkin, Compass founder & CEO.

Although Modica began his real estate career just five years ago, he has already set a sales record in Williamsburg with the $3.2 million penthouse 7 at 2 Northside Piers in 2013.

“I built my business with innovative and creative marketing techniques. Compass offers a level of marketing, technology, and presentation of properties that’s cohesive and consistent through all of their listings which completely aligns with the my team’s brand,” said Modica.

Recent achievements for the firm include:

• The growing volume of exclusive listings, which now tops $1.4 billion nationwide

• Reaching over $2.5 billion in its new development pipeline

• The increase of its agent population by more than 100% last year

Driven by its significant accomplishments in New York, Compass began its national expansion last year, opening offices in Washington, D.C., Miami, Boston, Cambridge, Los Angeles, and the Hamptons. The firm plans to continue its rapid growth with scalable products to its diverse markets in the coming months.

Compass is a technology-driven real estate platform dedicated to creating a seamless and intelligent home buying, selling, and renting experience. Combining the country’s top agents, proprietary market insights, and integrated mobile and web technologies, Compass is developing the future of real estate decision-making. Compass has locations in New York City, Los Angeles, Malibu, Montecito, Pasadena, Santa Barbara, Washington DC, Boston, Cambridge, Miami, and the Hamptons, and has raised $135 million in investor capital.

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