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New York City Office, Sotheby's International Realty - East Side Manhattan Brokerage. Sotheby’s International Realty is a luxury real estate brand founded in 1976 by Sotheby's fine art dealers. Sotheby's International Realty operates as a franchise focusing on brokering and marketing of residential real estate.
[10] [7] The initial business model employed full-time, salaried brokers [11] and was focused only on rentals. [12] The service was launched in May 2013. [13] [12] In January 2014, Compass announced it would change its overall business model by contracting independent real estate agents, receiving a portion of the broker commission. [14]
Lenz focused on studio apartments, as no other broker wanted to touch studios, and within her first six months working as a real estate agent, made in excess of $300,000, in 1984. [6] After establishing herself as a leading agent, Lenz was approached by the head of Sotheby's and offered a position with the firm.
It’s a familiar and agonizing experience for legions of New York City renters: before moving into a new apartment, a tenant must first shell out thousands of dollars in fees to a real estate ...
“Anyone who has paid 15% of their annual rent in brokers fees for someone to let you in an apartment for 10 minutes knows the practice is nothing more than legalized theft.” Mayor Eric Adams, himself a former real estate broker, has raised concerns about the legislation and possible unintended consequences.
Sotheby's (/ ˈ s ʌ ð ə b i z / SUDH-ə-beez) is a British-founded multinational corporation with headquarters in New York City. It is one of the world's largest brokers of fine and decorative art, jewellery, and collectibles. It has 80 locations in 40 countries, and maintains a significant presence in the UK. [2]