Donny Deutsch stiffed Sotheby’s broker on commission: judge

But MSNBC host denies he went behind Sotheby agent's back to sell Hamptons home

TRD NEW YORK /
Oct.October 30, 2014 09:01 AM

MSNBC host and former advertising titan Donny Deutsch allegedly tricked a real estate broker out of a $1.2 million commission by brokering the sale of his Hamptons home himself.

Deutsch’s lawyer allegedly brought in hedge fund manager Howard Marks to look at the Tyson Lane property, thereby going behind Sotheby’s International Realty broker Edward Petrie’s back and causing him to miss out on the 4 percent fee, according to court papers cited by the New York Post. The court is now ordering that Sotheby’s gets the $1.2 million commission after all.

“This court considers that and refusal to acknowledge [Petrie] as the broker to be marks of dishonesty and greed,” the judge wrote in an October 23 decision, according to the newspaper. “Both characteristics are particularly unbecoming when exhibited by those blessed with great wealth.”

Deutsch maintains that he never agreed on a 4 percent commission, according to the newspaper.

“There was no such agreement, neither verbal nor written, and internal Sotheby’s email communications confirm this. Mr. Deutsch will vigorously defend his position in court and is very confident this decision will be reversed on appeal,” a representative for Deutsch told the Post.

In 2012, contractors and architects who helped design his Upper East Side townhouse alleged that Deutsch stiffed them for work on the home[NYP] — Claire Moses


Related Articles

arrow_forward_ios
Clockwise from top left: Former rail tycoon James Evans' waterfront estate in East Hampton lists for $60M, Water Mill waterfront home sees price dip below $18M, a modern Sagaponack home hits the market at $9.5M and East Hampton's "White House" gets a $3M price cut.

Former RKF chief appears in Southampton court, Water Mill waterfront home’s price drops below $18M & more Hamptons real estate news

32 Windmill Lane in East Hampton

All aboard! Former rail tycoon’s Hamptons estate pulls in $60M ask

Developer ditches plan for South Fork wind farms, Southampton estate sells for half its initial ask & more Hamptons real estate news

Developer ditches plan for South Fork wind farms, Southampton estate sells for half its initial ask & more Hamptons real estate news

Phil Simms and 930 Old Mill Road in Franklin Lakes

Former New York Giants quarterback drops back ask for New Jersey home

The Apaquogue in East Hampton

For the first time in a century, this East Hampton home is on the market

Newark office building sold in an OZ, Garden State’s industrial market stays hot & more North Jersey real estate news

Newark office building sold in an OZ, Garden State’s industrial market stays hot & more North Jersey real estate news

Sotheby’s expands in Greenwich by absorbing top local broker’s shop

Sotheby’s expands in Greenwich by absorbing top local broker’s shop

Qatar Sotheby's International Realty General Manager Seran Gheorghe, and a view of Doha, Qatar

Sotheby’s to open new brokerage in the Middle East

arrow_forward_ios
Loading...