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Two Real Estate Agents Say Racism Was Part of the Culture at Brokerage

March 23, 2023 by www.nytimes.com Leave a Comment

Jarret Willis, a Black real estate agent at a luxury brokerage in the Hamptons, said his co-workers called him Jafar — a comparison to the brown-skinned, villainous sorcerer from “Aladdin.”

Managers routinely lobbed racial epithets around the office, according to a lawsuit filed on Tuesday in New York State Supreme Court by Harlan Goldberg, who is white and who worked with Mr. Willis at the brokerage.

Mr. Goldberg is suing their former brokerage, Bespoke Real Estate, for wrongful termination, unpaid commission and punitive damages. He claims he was fired in part for his objections to Mr. Willis’s treatment by the co-founders of the company, the brothers Cody and Zachary Vichinsky. His lawsuit follows complaints that Mr. Willis filed in February with the U.S. Equal Employment Opportunity Commission and New York State Division of Human Rights. Mr. Goldberg and Mr. Willis plan to jointly file a separate suit that will focus more on the claims of discrimination, according to their lawyer, Adam Leitman Bailey.

“Bespoke categorically denies the allegations and looks forward to vindicating its position in court,” Marc A. Sittenreich, a lawyer representing the firm, said in a statement.

The allegations come amid national scrutiny of discrimination in the real estate industry where, according to the National Association of Realtors, only 8 percent of agents are Black nationwide.

Bespoke operates in the upper crust of luxury real estate, dealing primarily with properties listed for $10 million or more, with a large presence in Miami, New York City and the Hamptons. Three of the 10 most expensive ZIP codes in the country are in the Hamptons, according to RealtyHop , a real estate data website. The town of Southampton, the location of the Bespoke office, is 83 percent white and 5 percent Black, according to the census.

Mr. Willis, 44, a former model who co-owns a fashion boutique in Bridgehampton called Blue One, joined Bespoke in 2017 as a sales associate. He said he was recruited by the firm for his network of friends and associates. His first deal, the sale of a $32.5 million Bridgehampton estate where he represented the buyer, netted him a commission close to $400,000, he said.

But office life was filled with indignities, Mr. Willis said in an interview. In early 2021, Cody Vichinsky, one of his managers, said that he should order “watermelon and fried chicken” for lunch, adding a racial slur, according to Mr. Willis. Mr. Goldberg said he also heard the comment.

In a text message shared with The Times, one white colleague wished Mr. Willis a happy birthday, followed by a racial slur.

The same co-worker sent Mr. Willis a text message saying that an orange shirt he wore made him “look like an inmate,” and used a racial slur to describe the look.

“It killed me inside,” Mr. Willis said. “But the reason I stayed and swallowed it and dealt with it was because I was always owed money,” adding that he disputed his share of the commission on a number of transactions that he helped close.

In April 2022, Mr. Willis was demoted from his role as vice president of Bespoke Parallel, a division of the company, which he claims was retaliation for contesting how much was owed to him for recent sales, according to the lawsuit.

Payment disputes can be especially vexing for Black real estate agents. White agents in 2021 were paid a net median income of $39,500, while their Black peers were paid just $14,400, according to the National Association of Realtors.

The company fired Mr. Goldberg in September 2022, a month after he said he raised concerns about Mr. Willis’s demotion, as well as issues with outstanding payments on some of his transactions, according to the lawsuit.

Mr. Willis resigned from the company in December 2022. The last insult, he said, was when he discovered that his company-issued email account password had been set to “Jafar24!” He quit a few days later, he said.

“I want an acknowledgment of their behavior,” he said. “I want an apology.”

Susan C. Beachy

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Selling Your Home This Spring? How To Navigate a Tricky Real Estate Market

March 23, 2023 by www.newsweek.com Leave a Comment

After a few red-hot years for home sellers, rising mortgage and interest rates along with widespread economic uncertainty have cooled the market, leaving many buyers out in the cold and forcing sellers to reevaluate their pricing strategies. In recent months, we started to see rates drop — for example in January 2023, they were at their lowest in four months (then in February, rates crept up again ).

But keep in mind that mortgage rates hit a 20-year high (subscription required) in late 2022 at more than 7%, so we’re still better positioned than we were last year. In fact, I’ve noticed that offer activity seems to be resuming as buyers return to the table with pent-up demand; this should help balance out higher interest rates.

Regardless of market conditions, the decision to sell your home is generally based on personal circumstances like stage of life, financial situation, family changes or career moves. Some homeowners can wait until the market starts trending up again, while others will have to sell despite market conditions.

The more homeowners know about their selling options, the better equipped they are to take control of their sale and come out ahead, even in a slower market. Assuming a relocation is in your future this spring, here’s what you need to know.

The Factors Driving Home Selling Success: Exposure and Price

The more buyers you reach, the more offers you’re likely to get. One of the easiest ways to widen exposure is by listing your home on the Multiple Listing Service ( MLS ). This can be done either through a real estate broker or a licensed online home selling platform (but it’s not available to “For Sale By Owner” (FSBO) sellers). When your home is on the MLS, it will automatically appear on the biggest real estate search sites (e.g., Zillow, Redfin, Trulia and Realtor.com) — and hopefully capture the attention of buyers nationwide.

Marketing your home through the MLS is only one key step; equally important is setting the sale price. Educate yourself about what homes are selling for in your neighborhood, how your home compares to current inventory (known as “comps”) and how long comparable homes are generally on the market. Over-pricing a home usually means it languishes — and the longer a house is on the market, the more it seems stale or even undesirable to prospective buyers. Finding the sweet spot (sometimes even slightly under-pricing the property) could lead to the coveted bidding war.

By considering these factors in advance, you can maximize your chances of success.

Budget for Pre-inspections, Repairs and Staging

Before you dive into the home selling process, make sure you budget for repairs and staging.

First, determine if there are any issues that need to be addressed before listing—this is known as a pre-inspection. Consider hiring a certified home inspector to conduct a pre-inspection, evaluating factors like the HVAC, furnace, windows, water heater, plumbing, appliances, toilets and even kitchen cabinets. It’s smart to invest in large repairs up front, rather than waiting for issues to be discovered during the buyer’s inspection. More deals fall apart during that phase than any other, and it’s usually due to buyers learning the home needs a significant amount of unforeseen work.

Next, budgeting for staging, which includes painting in neutral tones and upping curb appeal through yard work and minor landscaping, can go a long way in making a strong first impression. You can also consider making small improvements if they fit in your budget, like adding smart thermostats or energy-efficient appliances.

But not everything about prepping your home costs money. It’s key to disconnect yourself from the personal character of your home. Buyers want to picture it as theirs, not yours — and you can achieve this for free. Family photos, knickknacks and kids’ trophies detract from this illusion, so declutter and depersonalize as much as possible. Make sure every countertop and surface is bare and bookcases are minimally but tastefully styled. And color code your closets so they look neater, better organized and bigger; buyers care about storage space.

Choose the Best Selling Approach for Your Situation

As I wrote recently, there’s more than one way to sell your home. Options include working with an agent, FSBO or online selling platforms — and it’s up to you to figure out which best meets your individual needs.

Working with a real estate professional is still the most popular option, but it comes at a steep price (usually 6% commission). For some, the full-service offering real estate agents provide justifies the price; others may prefer a route that allows them to preserve more equity and control.

For example, a number of technology platforms are helping to democratize a market that estate agents once had a monopoly over. (Full disclosure: My company is one such platform.) They generally charge a flat fee rather than a percentage of the sales price. These tools can help home sellers streamline and automate the selling process and retain more control throughout. But not all platforms offer the same value; look for those that are easy to use, harness advanced technology and include guidance from licensed real estate professionals.

Finally, you can sell your home yourself and avoid paying commission, but keep in mind that FSBO homes can sell for up to 26% less than assisted real estate transactions. However, FSBO may make sense if you already have a potential buyer in mind.

Of course, you need to account for seller closing costs, which will be deducted from your equity payout. Generally, closing costs for a seller can amount to roughly 6% to 10% of the sale price , including agent commissions, transfer taxes and fees.

Final Thoughts

Sellers looking to capitalize on the spring market should start planning now. Take the time to carefully think through every aspect, from pricing and listing all the way to fixing creaky cabinets and dusting behind the furniture. The more ownership you take of the process early on, the better positioned you will be for long-term success.

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‘Outrageous betrayal’: Real estate agent jailed for sexually offending against granddaughters

March 24, 2023 by www.stuff.co.nz Leave a Comment

A 67-year-old Auckland real estate agent has been sentenced to five years and eight months imprisonment for multiple sexual offences against two pre-teen girls who considered him their grandfather.

Both girls were between the ages of 11 and 12 when they were indecently assaulted. He attempted to rape one of the girls as well.

He previously pleaded guilty to charges including indecent assault, attempted rape and unlawful sexual connection.

Judge Evangelos Thomas said the offences were an “outrageous betrayal” which would have a significant impact on the two girls through their lives.

One of the girls was the man’s step granddaughter, while the other considered him her grandfather, Judge Thomas said.

“It’s not the touching so much that causes the harm, but the depths of that betrayal, a 12 or 13-year-old doesn’t understand that.”

Judge Thomas granted the man permanent name suppression to protect the identity of his victims, and noted the man had never sought suppression for himself.

The offending occurred three years ago and continued for “an extended period of time” until the man handed himself in to police.

Defence lawyer Paul Borich KC said his client was sorry for what he had done to the children.

“The complainants should have expected loving support from him, and instead they got the opposite,” for which he expressed “profound remorse”, Borich said.

But he said despite the man being of good character for much of his life, he had offended against the two girls, Judge Thomas said.

“This didn’t happen once, it wasn’t a brain implosion… it was part of a pattern of conduct that extended over a period of time.”

The man was given a 40% discount on the starting point of nine and a half years imprisonment in consideration of his early guilty plea and his remorse.

Where to get help

  • Rape Crisis 0800 88 33 00, click link for local helplines.

  • Victim Support 0800 842 846.

  • Safetalk text 4334, phone 0800 044 334 webchat safetotalk.nz or email [email protected]

  • The Harbour Online support and information for people affected by sexual abuse.

  • Women’s Refuge 0800 733 843

  • Male Survivors Aotearoa Helplines across NZ, click to find out more (males only).

  • If you or someone else is in immediate danger, call 111.

  • If you or someone you know is in a dangerous situation, click the Shielded icon at the bottom of this website to contact Women’s Refuge in a safe and anonymous way without it being traced in your browser history. If you’re in our app, visit the mobile website here to access Shielded.

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Queen’s Jubilee Photo-Op: A Slimmed-Down Royal Family

May 6, 2022 by www.nytimes.com Leave a Comment

Queen Elizabeth II has died. Follow the latest coverage.

LONDON — When Queen Elizabeth II kicks off the Platinum Jubilee , celebrating 70 years on the British throne, next month, she will do so with a slimmed-down royal family behind her: Neither Prince Harry and his wife Meghan, nor Prince Andrew will get a place on the balcony at Buckingham Palace to wave at the crowds.

Even the queen’s presence is not a certainty: The 96-year-old monarch rarely ventures into the public these days, after surviving a bout with the coronavirus and lamenting her trouble walking. But people with ties to the palace said she was intent on appearing on the balcony, the ultimate royal photo opportunity.

For that reason, the question of who appears alongside the monarch is laden with, well, palace intrigue. Officially, the queen’s decision to leave out Harry, her grandson, and Andrew, her disgraced second son, is purely a function of their revised job descriptions: neither are full-time working royals anymore.

Prince Harry gave up that status when he and Meghan moved to Southern California in 2020. Andrew lost the status after the queen exiled him from public life because of his ties to the financier and sex predator, Jeffrey Epstein. In February, he settled a sex abuse lawsuit brought against him in New York.

But the decision to exclude them — particularly Harry and Meghan — was perhaps inevitably interpreted by London’s tabloids as a snub of family members who have generated reams of unflattering headlines over the last two years.

More on Britain

  • Lockdown Parties: Boris Johnson denied lying to Parliament about lockdown-breaking parties while he was prime minister during his testimony to a committee investigating violations of Covid rules.
  • Inflation: Britain’s inflation rate unexpectedly rose in February , potentially undermining expectations that the Bank of England was close to halting interest rate increases.
  • A Damning Report: A new independent report found London’s police force to be institutionally sexist, misogynistic, racist and homophobic .
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The decision also suggests that Harry has not repaired the breach with his father and brother that opened after he and Meghan declared they wanted to pull back from royal duties, and that deepened after they granted an interview to Oprah Winfrey, in which they accused members of the family of callous and even racist behavior.

The lineup on the balcony will be limited to “members of the royal family who are currently undertaking official public duties on behalf of the queen,” according to a palace spokesman, who did not mention Harry, Meghan, or Andrew by name.

That circle includes her eldest son and heir, Prince Charles, and his wife Camilla; his eldest son, Prince William, and his wife Catherine; the queen’s daughter Princess Anne; her youngest son, Prince Edward, and a handful of others. The queen has also invited assorted grandchildren.

Prince Harry and Meghan are not letting the decision keep them away. In a statement, a spokeswoman for the couple said, “Prince Harry and Meghan, The Duke and Duchess of Sussex are excited and honored to attend The Queen’s Platinum Jubilee celebrations this June with their children.”

It would be the first time the couple’s daughter, Lilibet, meets her great-grandmother, for whom she is named. Lilibet was Elizabeth’s childhood nickname. Their daughter’s middle name, Diana, honors Harry’s mother, Princess Diana, who died in a car accident in Paris in 1997.

Harry and Meghan are expected to attend a service of thanksgiving at St. Paul’s Cathedral on June 3, as is Andrew. They might also attend other events. But the balcony appearance on June 2 is the symbolic centerpiece of the four-day jubilee festivities, coming just after a military parade that honors the queen’s birthday, known as Trooping the Colour.

Harry and Meghan had tea with the queen at Windsor Castle a week before her birthday in early April. Harry said the meeting had reaffirmed his close relationship with his grandmother. But he ruffled feathers in Britain by telling NBC’s “Today” show, “I’m just making sure she’s protected and got the right people around her.”

The image of a streamlined royal family underscores the influence of Charles, 73, who functions as an unofficial prince regent for the queen these days, carrying out many of her public duties. Charles, royal watchers say, has long pushed to reduce the number of family members with full working status.

Buckingham Palace has begun to share details of the jubilee, which will include a televised party on a circular stage in front of the palace on June 4 and a pageant the next day. The decision to announce the balcony lineup now, a palace official said, had been calculated to prevent it from overshadowing the festivities.

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Prince Andrew, Banished From Royal Duties, Escorts Queen to Memorial

March 29, 2022 by www.nytimes.com Leave a Comment

LONDON — Six weeks ago, Prince Andrew agreed to a multi-million-dollar legal settlement with a woman who accused him of raping her when she was a teenager. On Tuesday, he escorted his mother, Queen Elizabeth II, to a memorial service at Westminster Abbey to celebrate the life of her late husband, Prince Philip.

The prince’s very conspicuous public appearance on the queen’s arm, his first since Philip’s funeral last April, sent an unmistakable message of support by a 95-year-old mother for her disgraced son. But it struck some royal watchers as incongruous, given that she stripped Andrew of his military titles and all but banished him from public life after he was engulfed in the sexual abuse lawsuit.

Andrew’s sudden re-emergence came days after a trouble-prone tour of the Caribbean by Prince William and his wife, Catherine, the Duchess of Cambridge, during which the couple confronted a backlash over issues of racial justice and rising sentiment to cast off the queen as head of state in Jamaica and other former colonies.

“It didn’t happen by happenstance,” Peter Hunt, a former royal correspondent for the BBC, said of Andrew’s role. “There must have been thinking behind it. You have to come to the conclusion that it was an opportunity for her to actively endorse her son, to point out that he hasn’t been found guilty of anything.”

While Andrew did not acknowledge guilt in the settlement with the woman, Virginia Giuffre, he agreed to pay her, as well as a charity “in support of victims’ rights,” a sum that British tabloids reported to be well in excess of $10 million. He commended Ms. Giuffre for her bravery in coming forward to talk about her treatment by the financier and sexual predator, Jeffrey Epstein, with whom the prince was friendly.

More on Britain

  • Lockdown Parties: Boris Johnson denied lying to Parliament about lockdown-breaking parties while he was prime minister during his testimony to a committee investigating violations of Covid rules.
  • Inflation: Britain’s inflation rate unexpectedly rose in February , potentially undermining expectations that the Bank of England was close to halting interest rate increases.
  • A Damning Report: A new independent report found London’s police force to be institutionally sexist, misogynistic, racist and homophobic .
  • A 835-Year-Old Manor: Tim and Sue Soar have toiled for decades to maintain their medieval estate in the Buckinghamshire countryside, which they recently listed for sale. Will they find a buyer ?

Royal watchers often say the queen is especially fond of Andrew, whose past as a helicopter pilot echoes the military service of her husband.

But after Andrew, 62, failed to persuade a federal judge in Manhattan to dismiss the lawsuit, Buckingham Palace moved to distance itself from him. It announced he would relinquish his military titles and royal charities, as well as the title, “His Royal Highness.” He would defend himself as a private citizen, the palace added, and would “continue not to undertake any public duties.”

At the time, palace officials described this punishment as permanent, saying it had come after extensive deliberations within the family. There would be no avenue for Andrew, who is known as the Duke of York, to rehabilitate himself. It is not known whether Prince Charles, the heir to the throne, or his eldest son, Prince William, the second in line, was involved in planning the ceremony on Tuesday.

“Did Charles and William attempt to intervene and did they fail? Or did they not bother to raise it?” Mr. Hunt said. “I would be amazed if nobody raised it,” he added, referring to the broader palace staff.

Ultimately, of course, the decision was up to the queen, for whom this was a deeply solemn, emotional ceremony. Philip, who died last April at 99 , was buried in an austere funeral at Windsor Castle, under strict Covid restrictions, which limited attendance to 30 people and forced the queen to grieve for her husband of 73 years, masked and alone in a choir stall at St. George’s Chapel.

Tuesday’s service featured a much larger guest list, including the filmmaker David Attenborough, who bonded with Philip over environmental issues. Prince Harry and his wife, Meghan, who now live in California, did not attend.

Whether the queen would make the trip from her residence at Windsor was unclear until the last minute. It was the first public occasion she has attended outside one of her residences since last October, when she abruptly canceled several appearances, suffering from what officials said was exhaustion. In February, Elizabeth tested positive for the coronavirus.

The queen appeared frail but resolute at Westminster Abbey, a walking stick in her right hand as Andrew guided her from the Poets’ Yard entrance to the front row. The service was kept to a brisk 45 minutes. Elizabeth looked teary-eyed at one point, but she stood up and down and sang several hymns.

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