The Newmark-RKF deal still hasn’t closed. Here’s why

Newmark Knight Frank didn’t finalize its purchase of RKF on the expected closing date of July 1 because the latter couldn’t get the required 85 percent of its brokers and agents to sign contracts. RKF brokers balked at Newmark’s policy requiring that a percentage of commissions be paid out in company stock, Commercial Observer reported. Newmark awards brokers 10 percent of commissions through restricted equity units, but that is a problem for the bulk of […]

Read Full Article >>

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s