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Long Island brokerages face off

The times they are a-changin’ for some of the longest-standing residential firms

From left: Compass' Ed Reale, Saunders & Assoc.'s Andrew Saunders and Realty Connect USA's Fern Karhu
From left: Compass' Ed Reale, Saunders & Assoc.'s Andrew Saunders and Realty Connect USA's Fern Karhu

From the Long Island Market Report: It’s high tide. Long Island’s luxury residential brokerage business is seeing a new wave of competition as more new entrants grab market share by way of new technology and hefty commission splits.

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From the grassy edges of Queens to the pebbly shores of Montauk, upstart firms are flexing their muscles in ways that are increasingly drawing attention — even if not all of that attention is positive. [more]

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