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The Agency loses another two brokers to Douglas Elliman
Since January 2018, the luxury brokerage has lost at least 47 brokers
Two brokers have left the Agency for Douglas Elliman, the latest in a long series of departures from the luxury residential brokerage.
Brendan Fitzpatrick joined Elliman Monday after eight years at the Agency. He and his administrative assistant, who also left the Agency, will be based in Elliman’s office in Beverly Hills. As a director of the estates division at the Agency, Fitzpatrick was involved in deals ranging in the $10 million to $30 million range. Most recently, he listed a $9.5 million home in the Hollywood Hills, as well as several homes in the Bird Streets.
Stephen Kotler, CEO of Elliman’s Western region, said the former “Rich Kids of Beverly Hills” star is joining Elliman because of the firm’s international reach. Fitzpatrick declined to comment.
The Agency also lost Sean Landon to Elliman last week. Son of late TV star Michael Landon, the younger Landon recently made waves in Malibu when he sold his mother’s house for nearly $16 million. A Malibu native, he’s also listing a $125,000 per month rental in the neighborhood. He’ll be working in Elliman’s Malibu office.
Since January 2018, the Agency has lost at least 47 agents, The Real Deal previously reported. Many of those are top producers, such as Cindy Ambuehl, Don Heller and Dan Urbach, who have joined Compass.
Brokers who have left the firm, led by CEO Mauricio Umansky, cited issues with management as their reason for leaving. Adding fuel to the fire, Umansky is currently the subject of a bombshell lawsuit, brought forth by the vice president of a Central African nation.
The lawsuit was thrust onto the national spotlight last week when Umansky’s wife, reality television star Kyle Richards was forced to address it during a reunion episode of Bravo’s “Real Housewives of Beverly Hills.”
A spokesperson for the Agency did not immediately return requests for comment.