Engel & Völkers, Scarsdale

Engel & Völkers is a company founded over 33 years ago in Hamburg, Germany with a large and successful European and multi-national network to draw from. There are almost 400 property shops around the globe with "feet on the ground" agents who live, work and play in their respective localities.

Engel & Völkers Scarsdale is a locally owned Property Shop. Jonathan Lerner, the managing director and owner, has been in real estate for over 25 years and has consistently been a top producer in the area. As a lifelong resident of Scarsdale, his son graduated from Scarsdale High School, and his daughter is a senior this year. Jonathan’s experience and connections in Scarsdale encouraged him to open the Engel & Völkers Scarsdale location, adding to his Engel & Völkers Southampton Office.

All Engel & Völkers property shops throughout the world have digital access to a central listing and property network providing 24/7 access to market data and property information for all locations.

Engel & Völkers maintains a worldwide culture and philosophy to promote the concept of retaining buyer and seller clients for life through excellent personal service and providing satisfying results for all parties in a transaction.

There is in-house expertise and relationships with professional service firms to provide important immigration, visa, legal and tax advice and counsel to the foreign buyer and seller transacting real estate business in the U.S., or a U.S. buyer or seller transacting real estate business outside of the U.S.

A few words about the Multiple Listing Service (MLS) and co-broke:

In many, if not most foreign countries, a real estate agent has no formal legal or regulatory structure protecting their interests in facilitating a real estate transaction.   Within the U.S., the common practice is for agents to secure exclusive agreements with sellers, in which the agent may receive compensation for their services by selling their own listed properties, and properties listed by other agents. This is done by means of a cooperative sharing of the commission (co-broke arrangement).  This allows all agents to show any listed properties to their buyer, not just their own listings. In this way, also, if an agent lists a property, even if another agent brings a buyer, both agents share the commission in a cooperative relationship.  This allows the foreign investor/buyer, if they so choose, to develop a relationship with a single agent rather than speak with agents at many different firms.  This generally applies, also, to new homes or pre-construction, in which many builders in New York will pay a commission to agents bringing buyers. 

This is in no way intended to be a legal opinion and is only a cursory review of this topic.