New commission lawsuit in New York may draw FTC attention

The antitrust case from homebuyer and homeseller Hao Zhe Wang alleges MLS and broker services are illegally tied. Continue reading

$188M Palm Beach estate — the city’s priciest — goes into contract

The estate sits alone on its own 2.3-acre man-made island, and went into contract on Monday. The negotiated price and the buyer’s identity are still unknown. Continue reading

Who’s out: The brokerages not covered in the NAR settlement

More than 90 brokerages would not be covered under the $418 million deal, though most have the option of buying in. Continue reading

Bess Freedman says Trump is too late to sell Mar-a-Lago for bond

Mar-a-Lago may be worth hundreds of millions, the Brown Harris Stevens CEO said, but there’s certainly not “enough time” to offload it by Monday when Trump’s $454 million bond is due. Continue reading

Richard Hottinger and team flip-flop back to Corcoran Group

The high-ranking team returns to Corcoran after a recent one-year stint at Douglas Elliman. Hottinger said Corcoran is “home” to the team. Continue reading

Douglas Elliman doles out Ellie awards for top NYC producers

Douglas Elliman unveiled its annual Ellie Awards this week, singling out brokers who performed well despite challenging economic conditions. Continue reading

‘Million Dollar Listing’ star Josh Flagg leaves Elliman for Compass

The high-profile luxury agent has worked with Douglas Elliman since 2021 and served as a longtime agent with Rodeo Realty before that. He will now align with Compass’s Beverly Hills office. Continue reading

Coldwell Banker Warburg recruits Compass, Elliman luxury vets

Kathy Kaye and Lorraine Baker each have about two decades of industry experience and bring roughly $200 million each in career sales volume to the firm. Kaye joins from Compass, Baker from Douglas Elliman. Continue reading

Compass, eXp notch more big recruiting wins

Compass has recruited New York-based brokers Tom Postilio and Mickey Conlon. Meanwhile, eXp added Calgary-based Sahil Chhabra and his team to its ranks. Continue reading

Beverly Hills spec mansion nets $30.1M in discounted sale

The property, sold by developer Adnan Sen, first hit the market for $39.9 million in 2020. It includes a nine-bedroom main house, one-bedroom guesthouse, a pool and a 10-car gallery garage. Continue reading