The luxury brokerage is launching an international division, "Elliman International," and recruiting agents and teams to establish offices in strategic global markets, Inman has learned exclusively.
The Douglas Elliman team is entering into the growing luxury market in Florida by serving as exclusive sales and marketing reps for Kaiya Beach Resort, which features 131 luxury residences.
The "Kendra Sells Hollywood" star and long-time Elliman agent said he was attracted to Sotheby's International Realty's stability in an industry that has been in tumult in recent years.
The six agents include Marian Lansburgh, Jennifer Engel, Raifie Bass, Wendy Wogan, Julia Herman and Lauren Garrity — all of whom have worked together for decades.
Reps of both companies declined to comment on talk of a potential deal, but the chatter had Douglas Elliman's price per share up 34.5 percent over the past five days.
Michael Liebowitz argued at Inman On Tour Miami that real estate agents' job is to educate consumers and help them understand risks — but that those consumers should still have a choice in how they market their homes.
The "Million Dollar Listing LA" star took to Instagram to criticize Compass Chief Evangelist Leonard Steinberg's recent critique regarding how women in real estate are depicted on reality TV shows.
First quarter revenue was up year over year to $253.4 million and net loss decreased significantly on an annual basis to $6 million or $0.07 per diluted share, according to Q1 earnings data released Friday.
Parker alleges the brokerage, which she departed in February after 25 years, is demanding $1.5 million in clawbacks while refusing to pay commissions on deals that closed after her move to Compass.
The embattled brothers can now say they have one legal action behind them. Terms of the settlement were not immediately disclosed.
Principal Ivan Sher has tapped former Elliman manager Christi Carrillo to lead the new office in the Las Vegas feeder market. The office is starting off with 11 agents, most of whom were previously with Elliman.
The digital platform will include an AI-powered home search tool and a private space for agents and clients to collaborate. The website will also include the "World of Elliman," a digital lifestyle hub with original content.