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Engel & Völkers Yachting Americas Expands into Florida

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Engel & Völkers today announced the opening of its third yacht shop in the Americas, located in Naples, FL and run by license partner Paul Benson along with Walter Johnson and Leeann Iacino, President and Chief Operating Officer of the shops. Benson, Johnson and Iacino opened Engel & Völkers’ first yachting shop on the American continent in Newport Beach in January 2020, followed by an expansion to Sausalito shortly afterwards. This is the first Engel & Völkers Yachting Americas location on the east coast.

“Engel & Völkers is building a strong offering worldwide from the Mediterranean to California and now also to Florida,” said Anthony Hitt, President and CEO of Engel & Völkers Americas. “Selling real estate and yachts has a natural synergy, and with the combined expertise of Paul, Walter and Leeann, this new shop continues to build on the value we can offer our license partners, consultants and customers around the world.”

Engel & Völkers Yachting Americas has a team of 18 dedicated yacht professionals with in-depth knowledge and expertise of all brands and sizes of power and sail boards as well as mega yachts. Engel & Völkers Yachting Americas also has two charter departments, one on the west coast and one on the east coast. The newly opened Florida Marina is located in the Engel & Volkers Olde Naples real estate business in the heart of Main Street on 5th Avenue, near restaurants, shopping, and within walking distance of the area marinas and beach.

“Right now the yacht market is very similar to the real estate market,” said Benson. “Yacht purchases have skyrocketed in the past 14 months. Instead of taking a vacation by plane, consumers end up on the water in record numbers, and with Florida being the yachting capital of the world, this is an ideal time for us to expand. “

“We pride ourselves on our five-star service and reputation,” added Johnson. “We are very pleased to be able to extend the experience for which Engel & Völkers is known worldwide to our yacht customers with a presence in Florida. The brand’s reputation for luxury service and a global but closely connected network of leading professionals has led us to become part of Engel & Völkers and continues to deliver results for our customers. “

Visit evyachting.com/americas for more information. Follow Engel & Völkers Yachting on Facebook and Instagram @evyachting.

About Engel & Völkers

Engel & Völkers is a global luxury real estate brand. Founded in Hamburg in 1977, Engel & Völkers draws on its rich European history to offer a new approach to luxury real estate in America, with a focus on creating a personalized customer experience at every stage of the property buying or selling process for today’s savvy homeowner . Engel & Völkers currently operates around 225 shop locations with 4,500 real estate consultants in America and thus contributes to the brand’s global network of over 13,500 real estate professionals in more than 34 countries and offers both private and institutional customers a professionally tailored range of luxury services, including real estate and yachting. Committed to exceptional service, Engel & Völkers supports its consultants with a range of first-class business services; Marketing programs and platforms; as well as access to its global network of real estate professionals, real estate offers and market data. Each brokerage company is independently owned and operated. Please visit www.evrealestate.com for more information.

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Real estate license fees are expected to increase | News, Sports, Jobs

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Real estate agents and real estate agents are likely to face increased license fees.

Earlier this week, the state assembly passed A.5363 by 113-35 votes, with Reps Andrew Goodell, R-Jamestown, and Joe Giglio, R-Gowanda, voting against the measure. The state Senate passed an accompanying bill in February, S.2133, by 45-17 votes, with Senator George Borrello, R-Gowanda, voting against. Real estate agent fees increase by $ 30 while real estate agent fees increase by $ 10. The increased money will be used for fair apartment tests across the state.

“It reminds me of the motto of our state -“Wood wool“- which, as you all know, always means upwards.” said Goodell. “It seems that this is the motto we have when it comes to fees and expenses, and I’m a little different than when that motto was first chosen when we talked about economic opportunity and moving up . It may be a small amount, but it is another fee and increase that we are putting on this troubled industry and for that reason I will be protesting against it and recommending the same to my colleagues. “

MP Kimberly Jean-Pierre, D-Lindenhurst and sponsor of the assembly’s draft law, said paired tests are a tool to detect and eliminate discrimination in housing. She said mechanisms such as coded language, guidance, unequal service provision and higher financial demands on minorities would be used to maintain housing segregation. The introduction of a surcharge on broker and agent license fees would provide funding for nationwide efforts to ensure fair home testing, including, but not limited to, the couples testing practice.

Jean-Pierre also quoted a 2019 story in Newsday entitled “Long Island Divided” who blamed the housing discrimination on explicit and implicit bias in the real estate industry. The newspaper series reported that some Long Island real estate agents directed customers to specific neighborhoods based on their perceived race or ethnicity. In response, the Nassau district appointed a special commissioner for housing, promised increased enforcement of open living laws, strengthened the Nassau district human rights commission and established an advisory board for fair housing. Suffolk County hired an outside agency to test for discrimination in housing, strengthened the county’s Human Rights Commission, and began raising awareness of fair housing laws.

“Two years ago, Newsday published worrying results from a three-year investigation that uncovered widespread segregation and unequal treatment of potential minority and minority homebuyers in Long Island.” said Jean-Pierre. “This research confirmed what many of us already know to be true – that there are certain bad actors in real estate agencies who discriminate against people of color and draw certain people into certain communities based on their skin color – a practice that has no place in our society. … When we look at how our communities and school districts are separated, it is one of the reasons that districts in low-income communities cannot get the resources they fairly deserve because we had brokers like this one, the people of life held in a community because of their skin color and financial history. This will allow us to allocate a certain fund – and not raise taxes – but it will allocate a certain fund through the attorney general to run fairer tests in our great state of New York so that people of color can live where they want and don’t have to worry that there will be bad actors. If there are any, they will be punished. “

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Real Estate License Fees To Increase | News, Sports, Jobs

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Real estate agents and real estate agents are likely to face increased license fees.

Earlier this week, the state assembly passed A.5363 by 113-35 votes, with Reps Andrew Goodell, R-Jamestown, and Joe Giglio, R-Gowanda, voting against the measure. The state Senate passed an accompanying bill in February, S.2133, by 45-17 votes, with Senator George Borrello, R-Gowanda, voting against. Real estate agent fees increase by $ 30 while real estate agent fees increase by $ 10. The increased money will be used for fair apartment tests across the state.

“It reminds me of the motto of our state -“Wood wool“- which, as you all know, always means upwards.” said Goodell. “It seems that this is the motto we have when it comes to fees and expenses, and I’m a little different than when that motto was first chosen when we talked about economic opportunity and moving up . It may be a small amount, but it is another fee and increase that we are putting on this troubled industry and for that reason I will be protesting against it and recommending the same to my colleagues. “

MP Kimberly Jean-Pierre, D-Lindenhurst and sponsor of the assembly’s draft law, said paired tests are a tool to detect and eliminate discrimination in housing. She said mechanisms such as coded language, guidance, unequal service provision and higher financial demands on minorities would be used to maintain housing segregation. The introduction of a surcharge on broker and agent license fees would provide funding for nationwide efforts to ensure fair home testing, including, but not limited to, the couples testing practice.

Jean-Pierre also quoted a 2019 story in Newsday entitled “Long Island Divided” who blamed the housing discrimination on explicit and implicit bias in the real estate industry. The newspaper series reported that some Long Island real estate agents directed customers to specific neighborhoods based on their perceived race or ethnicity. In response, the Nassau district appointed a special commissioner for housing, promised increased enforcement of open living laws, strengthened the Nassau district human rights commission and established an advisory board for fair housing.

Suffolk County hired an outside agency to test for discrimination in housing, strengthened the county’s Human Rights Commission, and began raising awareness of fair housing laws.

“Two years ago, Newsday published worrying results from a three-year investigation that uncovered widespread segregation and unequal treatment of potential minority and minority homebuyers in Long Island.” said Jean-Pierre. “This research confirmed what many of us already know to be true – that there are certain bad actors in real estate agencies who discriminate against people of color and draw certain people into certain communities based on their skin color – a practice that has no place in our society. … When we look at how our communities and school districts are separated, it is one of the reasons that districts in low-income communities cannot get the resources they fairly deserve because we had brokers like this one, the people of life held in a community because of their skin color and financial history. This will allow us to allocate a certain fund – and not raise taxes – but it will allocate a certain fund through the attorney general to run fairer tests in our great state of New York so that people of color can live where they want and don’t have to worry that there will be bad actors. If there are any, they will be punished. “

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Florida men, their Coral Springs FL firm, a $2 million fraud

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Two South Florida men agreed to pay likely millions of dollars after the Securities and Exchange Commission charged them with inventing a $ 2.4 million appetizer for South Florida white-collar crime: Ponzi-scheme real estate fraud.

Legally, neither Larry Brodman of Coral Springs nor Anthony Nicolosi of Lake Worth admit any of the allegations in the SEC complaint filed against them in federal court in Fort Lauderdale. The fact that they quickly agreed to pay a “skimming off of illegally acquired profits” as well as interest and a civil penalty speaks for itself.

The SEC said Brodman used unregistered securities offerings to raise $ 9.06 million for real estate investors, and the company would use that money to buy residential properties and convert them into rental properties.

“In reality, Brodman embezzled approximately $ 1.12 million in investor funds that were diverted to his personal account,” according to the SEC complaint. “Brodman, PII and the Property Entities also misused approximately $ 1.2 million in investor funds by paying sales commissions to sales agents, including Nicolosi, despite the fact that the listing materials stated that commissions would only be paid to licensed brokers.

“Some of the” profits “distributed to investors were actually payments funded by other investors, and there was extensive commingling of investor money.”

Property Income Investments, Brodman and Anthony Two-Names

According to state records, Brodman founded Property Income Investors (PII) in March 2016.

PII marketed itself as a “real estate investment company based in South Florida with a focus on turnkey apartment buildings”.

For each property purchased, Brodman created a separate company and named it Property Income Investors and added a number. The eight-part Coral Springs building at 3050 Coral Springs Dr. was bought by Property Income Investors 304, for example. In its complaint, the SEC referred to the 10 companies collectively as “the ownership units”.

According to the SEC, Nicolosi, who was once known as Anthony Peluso, was the top-selling agent for PII and the property entities. He was a registered agent with 18 SEC-registered broker-dealers from 1994 to 2000.

The SEC complaint states that Anthony Peluso legally changed his name to “Anthony Nicolosi” to cover his tracks after the National Association of Securities Dealers permanently banned him from associating with a member for lying to customers and sales tactics were under high pressure. He received a cease and desist order from the Alabama Securities Commission in 2010, in part for failing to notify clients of his name change and NASD action.

Where did the money come from and where the money went

The SEC complaint said Property Income Investors raised $ 9.06 million from 156 investors in 26 states from January 2016 to September 2020. Investors were told Brodman and investors would have a 30-70 percent split on rental income and 50-50 percent on property sales.

About $ 4.1 million went towards the purchase of 12 properties, which range from $ 265,000 to $ 1.25 million, according to the SEC. According to Broward County records, the aforementioned 3050 Coral Springs Dr. building was sold for $ 1.25 million on August 29, 2019. Another $ 752,000 was spent on renovating and maintaining the property.

PII and Property Entities sold three of the properties and took about $ 1.04 million in rent for the other.

“The companies have not distributed any profits from property sales to investors,” says the complaint. “Based on the information in the Offer Document, Brodman was entitled to a maximum total of approximately $ 312,000 as his share of the Company’s profits.

“But even after settling that $ 312,000, Brodman embezzled approximately $ 1.12 million in investor funds that were diverted to his personal account.”

Investors have been advised that licensed brokers may receive “up to 10% of proceeds” in commissions, the SEC said. However, the agency indicated that none of the brokers were licensed by PII and the $ 1.2 million spent on commissions exceeded 10% of the $ 9.06 million raised.

In addition, “at least $ 124,000” flowed back to some investors as profits, according to the SEC, in fact payments from later investors. The same was claimed by two 2020 investors for “a substantial portion of $ 460,000.”

“In total, PII, Property Entities and Brodman misused and misused about $ 2.44 million of the proceeds from the issue,” said the SEC.

Since 1989, David J. Neal’s domain at the Miami Herald has expanded to include writing about panthers (NHL and FIU), dolphins, old school animation, food safety, fraud, naughty lawyers, bad doctors, and all kinds of breaking news. He drinks coladas whole. He doesn’t work on Indianapolis 500 Race Day.

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