Robert Reffkin relinquishes stock unit awards for $7M cash bonus

An SEC filing showed the Compass CEO is letting go of $25 million in performance-based restricted stock unit awards in exchange for something a bit more tangible. His salary is also going up to $900,000. Continue reading

The 31 biggest residential deals of 2023 commanded $50M or more

New York City and Palm Beach saw the greatest number of high-end luxury sales this year, while Los Angeles, marred by the new mansion tax, did not make the list. Continue reading

The jobs, gigs and side hustles agents took on to get through 2023

From Uber driving to launching a print shop, agents came up with creative ways to supplement their businesses and stay entrepreneurial during a slow market. Continue reading

Domicile takes gamification of Zillow-scrolling to whole new level

The app is the first-ever game to pull real-time MLS data to merge gaming with an ever-changing real estate market where users can guess home prices and connect with agents. Continue reading

NYC top producers to form The Luxury Alliance Team at SERHANT.

Alexandra Newman, MaryElizabeth Smith and Amit Golriz have left Corcoran to start a new mega team at SERHANT. with four additional Corcoran agents making the move with them. Continue reading

Kanye West asks $53M for windowless home sans electricity

West has abandoned a remodeling job on the Tadao Ando-designed property after getting sued by a live-in contractor and caretaker in September for allegedly forcing him to work 16 hours per day and sleep on the floor near open insulation. Continue reading

Nest Seekers sues Serhant in CT, adding to string of lawsuits

The $10 million lawsuit alleges two former Nest Seekers managers stole the firm’s commissions, clients, intellectual and other confidential property as Ryan Serhant used “unfair and deceptive trade practices” to launch SERHANT. in Connecticut. Continue reading

Bob Kelley Team boomerangs to BHHS Fox & Roach Realtors

After a roughly four-year run with Compass, the 18-person team has returned to Fox & Roach. The team closed more than $73 million in sales volume in the last year. Continue reading

Bess Freedman says agents must ‘be present’ to succeed in 2024

Ahead of Inman Connect New York in January, the Brown Harris Stevens CEO shared with Inman her tips for navigating challenging economic terrain and what she’s looking forward to at ICNY. Continue reading

Sellers say Compass agent flooded their home, then ghosted them

Aaron Schwid and Youngkey Chung trusted Compass agent Matt Isbell with the sale of their home, in part because he had appeared on “Million Dollar Listing.” But evidence shows his actions may have set off the home’s sprinklers and flooded it while the c… Continue reading