The disappearance of Foxtons founder, president and CEO Glenn Cohen from the company’s Web site and his several-days’ absence from the corporate headquarters have created some media speculation about the controversial cut-rate commission company and the impression that something might be amiss or at least afoot.

Cohen’s picture and his comments about the origins of the company previously were featured on the company’s Web site, according to the Wayback Machine, an online archive of Web pages.

Neither Cohen nor a company spokesperson returned telephone calls last week. The spokesperson, who said she “used to be” Cohen’s assistant, today wouldn’t confirm whether Cohen is still employed by Foxtons. Another source at the company today said that contrary to news reports the CEO isn’t missing and currently is still with the company. More information is expected to be disclosed tomorrow.

The company’s corporate offices and a 100-person call center are located in West Long Branch, N.J. Brokerage operations are located in New Jersey, New York and Connecticut.

The company was founded as YHD Realty and changed its name to YHD Foxtons after London-based Foxtons Real Estate invested $20 million in the U.S. operation in early 2001. The company dropped the YHD from the company’s name in April 2003.

Foxtons has a reputation for aggressive advertising of its “2 percent” commission rate on highway billboards in the New Jersey area. Cohen recently appeared in a local television advertising campaign that reportedly stirred up a controversy at a local CBS affiliate because the advertising spots too closely resembled a news broadcast.

***

Send a Letter to the Editor for publication.
Send a comment or news tip to our newsroom.
Please include the headline of the story.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
We are less than 1 week away from Inman Connect! Get your ticket for $99 before prices go up next week.GET YOUR TICKET×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription