Rutenberg Announces Growth with Over 125 New Agents Since Beginning of 2016

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Esteemed company was named fifth largest New York City brokerage firm in May

Manhattan real estate brokerage, Charles Rutenberg, today announced that over 125 new agents have joined the firm so far in 2016. This tremendous growth comes on the heels of a milestone announcement in May: the firm was named the fifth largest brokerage firm in all of New York City, according to the The Real Deal’s annual ranking of top companies in the industry. Collectively, the major 12 firms, Charles Rutenberg included, had 3,712 listings as of March 27 – a 19 percent jump from 2015. The value of those listings soared nearly 30 percent to $16.2 billion from $12.5 billion last year.

As Rutenberg President Stefani Markowitz told The Real Deal, agents are drawn to the firm in part because they can earn more commission: “Agents want to run their own businesses. They’re already branded,” said Markowitz. “They want to have the freedom and flexibility to truly be independent contractors.”

Besides the substantial commission, Markowitz last year introduced a full real estate education curriculum built around seminars from industry leaders and specialists to support agent needs. She facilitates team building and encourages collaborative work amongst agents. Markowitz also formed a partnership with Wounded Warriors to fast-track veterans into second careers with the company.

Unlike Charles Rutenberg, many other companies on The Real Deal list have, in fact, seen their agent pool shrink, and are focusing heavily on recruiting talented agents and rebuilding internally, as a result.

Rutenberg’s real estate agents specialize in Manhattan and the surrounding metropolitan area. The Rutenberg business model is designed to appeal to established agents who are looking to grow their business, while earning maximum commissions. For fast-moving, hard-working entrepreneurial driven agents, Rutenberg provides the smartest deal in town. That's why they are– “Rutenberg, the Smart Brokers.”

About Rutenberg:

Rutenberg, recently lauded as one of the top five largest real estate brokers in New York City, has more than 600 experienced agents. Co-founded in 2007 by Wall Street IPO expert Richie Friedman, Rutenberg's 100% commission model allows agents to earn twice as much per deal than at traditional firms. Today, Rutenberg President Stefani Markowitz, Friedman's granddaughter, runs a lean operation that focuses on agent effectiveness, industry knowledge and entrepreneurial support. Rutenberg partnered with real estate coach Esther Muller to advance an in-depth continuing education program. Agents choose Rutenberg for the supportive atmosphere to empower their careers and expert coaching to close complicated deals, in addition to keeping their full commissions. To learn more about Rutenberg’s model, leadership team and review agent listings, visit http://www.RutenbergNYC.com/.

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Zoe Tobin
Rubenstein PR
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