For Hamptons agent Tim Morabito, his latest business move is also a family reunion.
After more than six years with Compass, Tim is leaving the brokerage to return to Douglas Elliman, where he’s teaming up with his father, Enzo Morabito, who heads one of the firm’s leading cohorts on Long Island’s East End.
Tim’s departure comes after he parted ways with his former business partner, Nicole Weiss, with whom he led the Morabito Weiss Team while at Compass. He said his decision to leave the firm was a gradual one, which followed years of working on deals with Enzo. Among those was the $16 million sale of an estate near Westhampton Beach, which closed in 2022.
“My father and I had been collaborating, co-listing properties and working with buyers, and it organically started coming together,” Tim said.
While at Compass, Tim’s notable trades included bringing the buyer in a deal for an $11.8 million new construction home on the ocean in Quogue. He, along with Weiss, also represented the seller in the $11.5 million sale of a seven-bedroom property in Westhampton Beach.
A spokesperson for Compass said the firm “[wishes] Tim the best.”
While he and Enzo are still working out the details of his new position with the team, Tim said he plans to focus on his role as an agent, including selling the $20 million worth of listings he said he has in the pipeline.
“Now you have to go out and bring business in, instead of just being a waiter,” Enzo said, referring to a shift in his client management expectations among his team members. “My son is definitely not a waiter.”
Tim’s page on Compass’ website displays two listings, one for a $2.5 million home in East Quogue and another for a $1.7 million duplex condo in Westhampton Beach, which is marked as in contract.
With his move, Tim joins other members of the Morabito family, including Enzo’s youngest son, nephew and granddaughter.
“It seems to be that I’m doomed to run a family business,” said the elder Morabito, whose team placed eighth in The Real Deal’s latest ranking of the top brokers in the Hamptons with just under $180 million across 40 deals for homes sold for more than $1 million.
Tim’s return to Elliman comes as the company is preparing to enter a “growth phase,” which will include recruiting more agents, according to chief executive officer Michael Liebowitz.
Though the brokerage has its sights set on upping its numbers, Liebowitz said his team plans to do it “organically,” and “not like our competitors who are calling agents every day.”
“Our recruiting effort is not really offensive,” Liebowitz said. “It’s not a boom, full-court press, just aggregate and get everyone in. It’s more of a selective process.”
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