Beverly Hills-based boutique brokerage The Agency announced its plans to open an office in Miami by the end of the year, in an interview with The Real Deal on Tuesday. If all goes according to plan for the Miami office, The Agency will be operating in 20 markets.

Mauricio Umansky

The Agency co-founder Mauricio Umansky told TRD that the brokerage has yet to determine the finer details, such as the office’s location, who will lead the Miami branch and which agents will join the team.

“As long as everything keeps going in the right direction, that is the plan,” Umansky told TRD. “But we are not done yet.”

One thing is clear, the firm wants to keep its boutique feel as it moves into new markets, so it caps the number of agent teams at all locations.

In 2017, The Agency went on an expansion spree in California, adding Pacific Palisades, Calabasas, Sherman Oaks, San Francisco, Palm Desert, Palm Springs and Danville to its list of markets. And in 2018, the brokerage added offices in Malibu, California; Park City, Utah; and Pasadena, California.

According to TRD, the Miami launch makes sense considering Umansky’s reach in the Latin American community as a Mexican-American immigrant, who also has a wife with Real Housewives notoriety.

The Agency isn’t the only brokerage to turn its sights toward Florida.

In July, Compass announced that it would be opening a new office in Naples, two hours west of the brokerage’s office in Miami. The Naples office currently has 15 agents under the leadership of sales manager Gary Nolan, but Compass said it hoped to grow the agent count to 70.

In December 2016, Douglas Elliman expanded to Jupiter and Delray Beach, bringing its total office count in the state to 19. Douglas Elliman Florida CEO Jay Philip Parker said the brokerage decided to invest in new locations because of the strong development throughout the luxury sector.

“Jupiter, Delray Beach and Bay Harbor Islands have consistently shown rapid growth in luxury sales every quarter,” Parker said in a press release. “It is a reflection of strong development in Palm Beach and Miami-Dade, both among the most affluent counties in the nation.”

As for The Agency expanding in the fast-growing competitive luxe market, Parker told TRD that he thinks it’s a great move, and he welcomes “the healthy opportunity to work together with The Agency.”

Email Marian McPherson.

Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
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