The Real Deal New York

Long Island brokerages face off

The times they are a-changin’ for some of the longest-standing residential firms
By C.J. Hughes | March 29, 2016 12:01PM

Ed Reale Andrew Saunders 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.

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]