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The year is winding down, but the competition for top real estate talent remains as hot as ever — thanks this week to a big new hire at Compass.

Nelson Taylor

The new hire consists of the Blackstone Team, which Compass described in a statement “as one of the top producing sales teams on the East Side of Providence,” and in Rhode Island generally. The team includes founder and managing partner Nelson Taylor, six other partners and sales associates, and three administrators. The team was previously a part of Mott & Chace Sotheby’s International Realty.

According to Compass’ statement, the Blackstone Team closed more than $95 million in sales volume last year. The statement also explains that the “move to Compass was motivated by the team’s pursuit of growth and desire to work alongside like-minded individuals.”

“Compass is the real estate company of the future: team-focused, growth-oriented and technology-driven,” Taylor said. “But most of all, Compass is mission-minded and aligns with our personal philosophies like no other company in the marketplace.”

Taylor’s team holds the number two spot on Real Trends’ list of top-performing medium-sized teams by sales volume in Rhode Island.

The Blackstone Team’s move to Compass comes at a time of intense competition for top-producing agents. Though the fight for larger headcounts has been ongoing for years — and helped make Compass a behemoth in the real estate industry — the rate-driven market slowdown of the last two years has added pressure on brokerages to recruit agents who can actually close deals in leaner times.

Compass
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