February 15, 2020

We brokers make too damn much money

There, I said it: Broker compensation is indefensible. An independent broker who is a friend of mine and I were having — how to put it? — a robust discussion at the last monthly meeting of the Lucky Strikers Social Media Club.  We talked about commissions (without violating anti-trust laws, heaven knows). I ventured an […]

Lucky Strikers Strike Gold with Two Real Deal mentions

Now, after two years of sitting on the sidelines, would-be investors are showing a renewed interest in Manhattan condos, the Real Deal maintains in its March issue, which was published today. Industry experts attribute their reentry to several factors, says the magazine: Prices have stabilized while rents are ticking up, mortgages are easier to obtain, […]

Balancing Act: LSSMC’s Hinricher Outlines a Plan for Mortgage Success

Yet  another informative piece by a Lucky Striker being featured in a national publication.This time, Ryan Hinricher of Investor Nation provides an excellent overview on creating a healthy balance of income streams in the mortgage business. Makes me wonder what the equivalent model would be on the real estate broker/agent side of the equation… Read […]

[Press] Day camp for real estate techies

By John Golden  It was not a traditional industry gathering that brought real estate professionals and business marketers from Westchester to the Roger Smith Hotel in midtown Manhattan last Tuesday. Coffee was served, but without the mini-bagels and pastries that are early risers’ staples on the conference circuit. Workshop sessions were offered, but one had […]

Broker Talk New York: Understanding Dual Agency

As many of you may know, Section 443 of the New York Real Property law has been revised to require a broker in co-op and condo transactions to obtain written acknowledgment of the the principal-agent relationship being entered into and consent to a broker acting as dual agent. Under certain circumstances, the broker may obtain advance consent. […]

A Cautionary Tale, Brought to You by the 92nd Street Y

A Safe Harbor Is Not so Safe I can’t think  of a more comfortable place to discuss a novel about the art world than the 92nd Street Y. Those of us who have attended a “Q & A” softball session at that venue with one of our favorite performers or writers (for me, it was a […]

Shameless Self-Promotion: Wall Street Journal

Home Sales Slide Manhattan Still Outshines Other Areas By JOSH BARBANEL The pace of co-op and condominium transactions in Manhattan continued to lag in November, setting the stage for the lowest rate of quarterly sales since the depths of the economic slowdown last year. But brokers say the market is far less bleak than the […]

REQUIRED READING: Kim Kardashian, Inc.

An article by Eric Wilson in the Times last Thursday covered a sojourn by Kim Kardashian to her new store in Soho for a jewelry release (for those who didn’t know, “hoops are a staple”). The event attended by hundreds, bummed out many of the locals, who can’t believe that some version of the Jersey […]

Going Postal on the Postal Service

There’s a piece on Huffington from this past Saturday on how the post office lost even more money last year than anticipated.  I just don’t get the urgency to dismantle one of the few things in our bureaucracy that actually works. Think about it, for forty-four cents, you put a letter in a box anywhere in the […]

Real estate agents discover social media can help business

Reprinted From the New Jersey Star Ledger: By Sarah Portlock While real estate broker Sharon Steele waits to pick up her children after school, she is on her BlackBerry, updating her Facebook page with a new listing in Union County. Throughout the day, she checks in with friends and followers on Twitter, Facebook and LinkedIn, […]