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Warburg Realty, Fortune International Realty Form Partnership

Both firms have forged similar partnerships in the past: Warburg works with Saunders & Associates in the Hamptons, while Fortune has agreements with firms in various cities in Latin America and Europe that CEO Edgardo Defortuna described as “feeder markets.” Fortune previously had a similar relationship in New York with Andrew Heiberger’s now-defunct Town Residential.
An employee who used to work at Town initiated the conversation between the two firms in February, according to Peters, and the partnership officially kicked off last week.
Peters said he’d been looking to partner with a South Florida firm for years, but was looking for one that was ideologically aligned. That shared philosophy includes agent welfare and, Peters said, a willingness to “leave a little money on the table and do the right thing. The latter seems increasingly rare.” ....

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Barbara Corcoran Sale Realogy Extortion

The Corcoran Group founder Barbara Corcoran (Getty)
On the eve of Barbara Corcoran’s sale of her eponymous brokerage in 2001, a former deputy nearly scuttled the deal by demanding $1 million or else.
Rather than let the $66 million deal fall apart, Corcoran pulled out her checkbook. “At the eleventh hour, one of the most important people in my business held me up for $1 million,” Corcoran disclosed for the first time on the Dec. 4 episode of “Shark Tank.” “She said, ‘You’re going to pay me $1 million or I’m going to your rival.’ Now what do you think happened? I gave her the $1 million immediately.” ....

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