LEGAL CORNER: NYC Passes the FARE Act and Restricts the Payment of Commissions by Tenants
The real estate industry has expressed concerns regarding the potential repercussions of the FARE Act.
NYACK—Corcoran Baer & McIntosh, a franchisee of Corcoran Group LLC, which has operations in Orange and Rockland counties in New York State and sections of New Jersey, reported on June 28 its acquisition of Ocean Pointe Realtors, located in Sea Girt, NJ. The addition of Ocean Pointe Realtors’ agents and prime Sea Girt office space adds to Corcoran Baer & McIntosh’s established presence in residential markets both north and south of New York City, brokerage officials stated.
“We are thrilled to announce our expansion into Sea Girt by welcoming Ocean Pointe Realtors into our growing Corcoran Baer & McIntosh team,” said Debbie Blankfort, Broker and Owner of Corcoran Baer & McIntosh. “Ocean Pointe Realtors has been a dedicated resource to south Monmouth County residents since 1992, showcasing hard work, integrity, and exceptional client service. These attributes, align not only with the values we commit ourselves to at Corcoran Baer & McIntosh, but also to the values of Corcoran as a whole.”
Founded in 1992 by Joseph Riordan, Ocean Pointe Realtors has grown to become a dominant presence along the Jersey Shore. Riordan, along with co-owner Bart Dennin, have grown the brokerage to include 22 experienced agents who have posted high-ranking sales volume across key south Monmouth County markets, including Sea Girt, Brielle, Manasquan, Point Pleasant, Wall Township, Spring Lake, and more.
“After meeting with Corcoran Baer & McIntosh and sharing our business philosophy, I instantly knew that our company cultures were a perfect match,” said Riordan. “Corcoran’s far-reaching presence, both within the greater tri-state area and beyond, offers natural connections to our coastal market, while Corcoran’s outstanding technology platform helps guarantee the continued success of our award-winning team.”
Through welcoming Ocean Pointe Realtors’ team of 22 agents and adding their Sea Girt office under its banner, Corcoran Baer & McIntosh’s overall footprint, across Rockland and Orange counties in New York and Monmouth and Bergen counties in New Jersey, will surpass 90 agents and total six offices—Nyack, Piermont, Warwick, Northvale (NJ), Red Bank (NJ) and Sea Girt (NJ).
In March 2021, Corcoran announced the affiliate partnership launch of Corcoran Baer & McIntosh.
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