Brokerage punished with $5M verdict in agent poaching case

  • William Raveis Real Estate and a former Douglas Elliman branch manager have been ordered to pay millions in damages for recruiting Elliman agents while the branch manager was still employed by Elliman.

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Competition for agents, especially top producers, is par for the course among real estate brokerages. But a jury has found that one prominent firm crossed the line — and is making the firm pay dearly for it.