Douglas Elliman has become the latest brokerage to be released from a contentious homebuyers’ lawsuit regarding real estate broker commissions. According to combined media reports, the plaintiffs in the Batton 2 lawsuit dismissed the brokerage without prejudice,...
NNN Pro, the New York City-headquartered net lease investment sales and advisory firm, appointed Salvatore Troia as chief financial officer (CFO). Troia most recently served as CFO at Douglas Elliman Real Estate, a division of Douglas Elliman Inc (NYSE: DOUG). During...
Douglas Elliman Inc. (NYSE: DOUG) has become the latest brokerage to announce a settlement that will resolve class action lawsuits related to real estate agent commission fees. Under the terms of the settlement agreement, Douglas Elliman will pay $7.75 million within...
Two months after the verdict in the Sitzer/Burnett trial rocked the real estate profession, another lawsuit was filed in Missouri challenging the commission structures of real estate professionals. Maryland resident named Daniel Umpa filed a complaint in the U.S....
The median rent in Manhattan dropped year-over-year for the first time in 27 months, according to data from Douglas Elliman and Miller Samuel Real Estate Appraisers and Consultants. Last month, the median Manhattan rent was $4,000, down 4.6% from October and down 2.3%...
Fed Holds Rates at 3.75%–4.00% as Two Officials Call for Another Hike
