One Sotheby’s hires Long & Foster veteran as COO

One Sotheby’s International Realty brought on Michael Koval as the Miami-based brokerage’s chief operating officer, a new position for the company.

Koval, who spent nearly 15 years at Long & Foster Real Estate in the Washington, D.C. area, will focus on all operations, ensuring that any new technology is rolled out correctly and “has a very high agent adoption,” president Daniel de la Vega said.

One Sotheby’s has grown to 850 agents and 17 offices in Miami-Dade, Broward, Palm Beach and Martin counties. In October, it acquired Nestler Poletto Sotheby’s International Realty, a nearly 80-agent firm in Boca Raton and Delray Beach.

Koval was chief information officer of Long & Foster, which had more than 12,000 agents and 200 officers. He left in 2015 to work as a senior management adviser and consultant at Pixces Consulting Group in Rockville, Maryland.

Koval said he’ll also work with One Sotheby’s operations teams to improve agents’ “entire experience” with the company, including onboarding.

Earlier this year, One Sotheby’s branched out into lending. De la Vega partnered with Joel Eidelstein and Matthew Eidelstein to launch a new mortgage lending company called CapHouse Financial, based out of One Sotheby’s Miami Design District headquarters.