The Real Deal - New York Real Estate News

Real estate agents “blackballed” home for sale by owner

Posted: 16 Oct 2021 11:00 AM PDT

Canada may have a problem with real estate agents acting as a cartel that serves themselves rather than clients. An investigation by the CBC found agents steered buyers away from a property because it would mean a smaller commission. A buying agent and a listing agent in Canada typically split a 5 percent commission paid by the seller, but they are supposed to negotiate commissions with each listing or sale. Sellers can lower that by

Identity revealed of Saudis who amassed Florida real estate empire through shell companies

Posted: 16 Oct 2021 09:00 AM PDT

Saudi nationals with close ties to the royal family bought swaths of land around Orlando, Florida in the late 1990s. Their identities have been a mystery until now. They are the Ibrahim family, one of the most influential families in Saudi Arabia, according to the Miami Herald. The newspaper pinpointed their identity through the Pandora Papers, a trove of 11.9 million documents leaked to the International Consortium of Investigative Journalists that detail secret offshore accounts

Kanye West looks to sell sprawling Wyoming ranch

Posted: 16 Oct 2021 06:00 AM PDT

Cody, Wyoming, may soon lose its most famous resident. Kanye West has listed his 3,800-acre ranch outside the town, asking $11 million for the sprawling property, the Daily Mail reported. It’s known as Monster Ranch for the massive trout stocked in its 180-acre lake. The listing comes less than a month after West closed two big real estate deals. In late September, he dropped $57 million for a 4,000-square-foot Malibu beach house designed by architect