The Real Deal New York

With summer here, South Florida broker incentives heat up

By Alexander Britell | June 24, 2011 03:46PM

Ritz-Carlton Residences Palm Beach

From the South Florida website: With much of the world still in a real estate winter, Miami’s quick-moving
market
is making developers and brokerage firms compete for the
residential projects that are left, with a series of incentives. Brokerages and developers are offering everything from increases in
commissions to iPads to luxury vacations to help ramp up sales. With inventory dropping drastically, developers and brokers are doing
what they can to compete for sales. “What happened in our little piece of the world — we’re enjoying
probably an anomaly as related to the rest of the real estate market,”
said Philip Spiegelman, chairman of ISG, which recently joined with
developer Jorge Perez to form a new sales company, Related
ISG
. “Things are selling rapidly across the board, principally to
buyers from Latin America.” [more]


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