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 >> https://therealdeal.com/2018/08/15/newmark-hasnt-closed-on-rkf-deal-because-brokers-wont-sign-contracts/

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