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.
BEDFORD—Corcoran Legends Realty, a franchisee of Corcoran Group LLC, recently announced its acquisition of storied local real estate brokerage firm Renwick Real Estate in Bedford, NY.
The addition of Renwick Real Estate’s agents and central Bedford office adds to Corcoran Legends Realty’s significant presence across Westchester County, company officials noted.
“We are proud to welcome Renwick Real Estate’s family of agents to our Corcoran Legends Realty team. Renwick Real Estate has served northern Westchester for over 140 years with exceptional service to their clients and outstanding expertise on the market. A reputation like theirs is priceless. We believe this addition will become an invaluable asset to our brokerage, allowing us to continue offering the highest possible level of service for our clients in northern Westchester,” said Marcene Hedayati, Principal Broker and Managing Partner of Corcoran Legends Realty.
Through welcoming Renwick Real Estate’s family of 16 agents and adding its Bedford office, Corcoran Legends Realty’s footprint across Westchester County now surpasses 100 agents and a total of five offices. In addition to its new office in Bedford, Corcoran Legends Realty has operations in Bronxville, Irvington, Tarrytown and Briarcliff Manor.
“While we have been exploring the opportunity to align ourselves with a larger brand, we are very pleased to announce that Renwick Real Estate will join with Marcene Hedayati and Corcoran Legends Realty,” said Jim Renwick of Renwick Real Estate. “After four generations of providing real estate services in Westchester County, this decision was carefully made, and we are confident that it is the ideal next step for our agents, who have been so loyal to Renwick Real Estate over the years. Corcoran has an impeccable brand reputation and will give our agents access to expand their elevated services to New York City, the Hamptons, South Florida, and all other destinations where our clientele reside.”
Hedayati added, “We believe there will be a natural synergy based on both brokerages recognizing that authentic connection is essential to success in the real estate business, as we both prioritize building and maintaining relationships with clients, agents, and other industry professionals.”
Legends Realty was founded in 2007 by Hedayati with partners Elvira Aloia, Mary Case Friedner, Phyllis Lerner, and Karen Stroub. In September 2020, Corcoran CEO Pam Leibman announced an affiliate partnership with the firm.
Receive original business news about real estate and the REALTORS® who serve the lower Hudson Valley, delivered straight to your inbox. No credit card required.