A New Era for Agents and Brokers
Elliman’s Michael Liebowitz and Side’s Guy Gal shared their thoughts on the future of brokerage during a wide-ranging debate at The Real Deal’s Miami Real Estate Forum.
Ellimans Michael Liebowitz Sides helps improve planning, consistency, and publishing quality when teams follow a repeatable workflow.
Michael Liebowitz and Guy Gal didn’t hold back on Compass’ planned takeover of Anywhere Real Estate, the push for commission clawbacks and the future of brokerage brands during a wide-ranging debate at The Real Deal’s Miami Real Estate Forum.
Both CEOs took jabs at the proposed deal that would turn the combined companies into a brokerage behemoth in a conversation moderated by TRD Editor in Chief Stuart Elliott on Wednesday.
Compass announced earlier this year that it plans to acquire Anywhere, the parent company for Corcoran, Sotheby’s International Realty, Coldwell Banker and Century 21, in an all-stock deal valued at $1.6 billion.
Douglas Elliman CEO Liebowitz suggested the $300 million in expected cost cuts that the merger would bring will push some agents to leave Compass and the Anywhere brands.
“These are very difficult businesses to integrate. The second you start taking things away from agents, there is no barrier to leave. You can just basically get up, leave and go to another firm, obviously have some clawbacks and all that,” said Liebowitz. “It’s just the reality of what happens anytime you do a deal. You have to realize you’re going to lose pieces of that deal after it’s done.”
Gal, founder and CEO of the white-label firm Side, jumped in to note that it is “incredibly hard” for a top agent to leave Compass today.
“We talk to Compass agents all the time who are looking to explore their options and then realize they really can’t, unless they’re coming out of pocket for a whole lot of money, to a point where we’ve had to set up what I affectionately refer to as the ‘Compass emancipation fund,’ where we’re advancing agents money at no interest,” Gal said.
Clawbacks are necessary, Liebowitz said.
“You can’t put all that energy and effort and dollars into the agents when they come on and not have that ability to do it,” he said.
Gal championed the agent side of the business. Side helps agents create their brokerage brand and provides them with back-end services. But if agents want to exit their deals with Side within two years of joining the company, then they have to pay Side back.
“I want to remind all the agents in this room … because you spend the whole career being indoctrinated and institutionalized to believe the complete opposite. But the truth at the end of the day is that you’re the value creator in this industry,” Gal said. “You wake up every morning, you connect invisible dots. You’re putting up your own time, your own money, your own opportunity, taking all the damn risk, and you are the ones that make it happen. And then you do a favor to all these other companies by slapping their logo on top of your name.”
Liebowitz, who became president and CEO of Elliman about a year ago, suggested his company’s $85 million sale of its property management arm to a subsidiary of Associa, one of the largest property management firms in the country, was timed right with Zohran Mamdani winning the mayoral election in New York.
“I’m not really being political, but we were in the property management business. It was a big business, and there’s a lot of issues with labor law in New York. I don’t think a lot of people realize that with that administration, it’s going to be more difficult,” Liebowitz said. “So it was really it kind of wind up between the Anywhere and Compass merger, between what was going on in New York, between getting a really top price. We really want to be a pure-play real estate brokerage firm, asset light.”
Gal and Liebowitz were also critical of the National Association of Realtors’ handling of the class action litigation centered around commission payments and buyer broker agreements.
Gal said the lawsuits “are a gift” to the industry.
“Just a year ago, you had a million agents out there that are averaging three closings a year pitching buyers. It’s free and no obligation, and that’s how they were getting deals done with actual buyers,” he said. “They can’t do that anymore… and that’s putting a lot of the larger brokerages at risk, because so much of their revenue and their income and their profits depend on those part time agents at very favorable splits to the house.”
Liebowitz said someone at NAR recently reached out to him to speak.
“Why the hell would I waste my time? You know what, I actually said, ‘I want the agenda before I get on the phone,’” he said. “I just want my money back from the settlement. We paid off all our debts, and now I would love to have that cash.”
Read more
Douglas Elliman loses $25M in the third quarter
Elliman sells property management arm to Associa for $85M
Side launches in New Jersey with new brokerage Privé Haus
{“props”:{“pageProps”:{“hamburgerMenu”:[{“url”:null,”label”:”News”,”external”:false,”childItems”:{“nodes”:[{“label”:”All Markets”,”url”:”/latest/”,”external”:false,”childItems”:{“nodes”:[{“label”:”San Francisco”,”url”:”/san-francisco/”,”external”:false,”__typename”:”MenuItem”},{“label”:”New York”,”url”:”https://therealdeal.com/new-york/”,”external”:false,”__typename”:”MenuItem”},{“label”:”South Florida”,”url”:”https://therealdeal.com/miami/”,”external”:false,”__typename”:”MenuItem”},{“label”:”Los Angeles”,”url”:”https://therealdeal.com/la/”,”external”:false,”__typename”:”MenuItem”},{“label”:”Chicago”,”url”:”https://therealdeal.com/chicago/”,”external”:false,”__typename”:”MenuItem”},{“label”:”National”,”url”:”/national/”,”external”:false,”__typename”:”MenuItem”},{“label”:”Texas”,”url”:”/texas/”,”external”:false,”__typename”:”MenuItem”}],”__typename”:”MenuItemToMenuItemConnection”},”__typename”:”MenuItem”},{“label”:”Sectors”,”url”:”#”,”external”:false,”childItems”:{“nodes”:[{“label”:”Residential”,”url”:”https://therealdeal.com/sector/residential/”,”external”:false,”__typename”:”MenuItem”},{“label”:”Commercial”,”url”:”https://therealdeal.com/sector/commercial/”,”external”:false,”__typename”:”MenuItem”},{“label”:”Development”,”url”:”https://therealdeal.com/sector/development/”,”external”:false,”__typename”:”MenuItem”},{“label”:”Politics”,”url”:”/sector/politics/”,”external”:false,”__typename”:”MenuItem”},{“label”:”Tech”,”url”:”/sector/tech/”,”external”:false,”__typename”:”MenuItem”}],”__typename”:”MenuItemToMenuItemConnection”},”__typename”:”MenuItem”}],”__typename”:”MenuItemToMenuItemConnection”},”__typename”:”MenuItem”},{“url”:”/data/”,”label”:”Data”,”external”:false,”childItems”:{“nodes”:[{“label”:”Dashboard”,”url”:”/data/new-york-residential-dashboard/”,”external”:false,”childItems”:{“nodes”:[],”__typename”:”MenuItemToMenuItemConnection”},”__typename”:”MenuItem”},{“label”:”Snapshots”,”url”:”/data/snapshots/”,”external”:false,”childItems”:{“nodes”:[],”__typename”:”MenuItemToMenuItemConnection”},”__typename”:”MenuItem”},{“label”:”Articles”,”url”:”/data/articles/”,”external”:false,”childItems”:{“nodes”:[],”__typename”:”MenuItemToMenuItemConnection”},”__typename”:”MenuItem”},{“label”:”Rankings”,”url”:”/data/rankings/”,”external”:false,”childItems”:{“nodes”:[],”__typename”:”MenuItemToMenuItemConnection”},”__typename”:”MenuItem”},{“label”:”Interactive Maps”,”url”:”/data/interactive/”,”external”:false,”childItems”:{“nodes”:[],”__typename”:”MenuItemToMenuItemConnection”},”__typename”:”MenuItem”},{“label”:”Directory”,”url”:”/data/directory/”,”external”:false,”childItems”:{“nodes”:[],”__typename”:”MenuItemToMenuItemConnection”},”__typename”:”MenuItem”},{“label”:”Data Books”,”url”:”/data/data-books/”,”external”:false,”childItems”:{“nodes”:[],”__typename”:”MenuItemToMenuItemConnection”},”__typename”:”MenuItem”}],”__typename”:”MenuItemToMenuItemConnection”},”__typename”:”MenuItem”},{“url”:null,”label”:”Magazine”,”external”:false,”childItems”:{“nodes”:[{“label”:”Data Book 2025″,”url”:”https://therealdeal.com/databook-2025-digital/”,”external”:false,”childItems”:{“nodes”:[],”__typename”:”MenuItemToMenuItemConnection”},”__typename”:”MenuItem”},{“label”:”Current Issue”,”url”:”/magazine/latest”,”external”:false,”childItems”:{“nodes”:[],”__typename”:”MenuItemToMenuItemConnection”},”__typename”:”MenuItem”},{“label”:”Issue Archives”,”url”:”/magazine”,”external”:false,”childItems”:{“nodes”:[],”__typename”:”MenuItemToMenuItemConnection”},”__typename”:”MenuItem”},{“label”:”The Closing”,”url”:”/tag/the-closing/”,”external”:false,”childItems”:{“nodes”:[],”__typename”:”MenuItemToMenuItemConnection”},”__typename”:”MenuItem”}],”__typename”:”MenuItemToMenuItemConnection”},”__typename”:”MenuItem”},{“url”:”/weekend/”,”label”:”Weekend”,”external”:false,”childItems”:{“nodes”:[],”__typename”:”MenuItemToMenuItemConnection”},”__typename”:”MenuItem”},{“url”:”https://events.therealdeal.com/”,”label”:”Events”,”external”:true,”childItems”:{“nodes”:[{“label”:”Miami Forum”,”url”:”https://events.therealdeal.com/miami/home?utm_source=webu0026utm_medium=navigationu0026utm_campaign=navigation_menu_item”,”external”:true,”childItems”:{“nodes”:[],”__typename”:”MenuItemToMenuItemConnection”},”__typename”:”MenuItem”},{“label”:”Building Houston”,”url”:”https://events.therealdeal.com/bsh-events/building-luxury-houston?utm_source=webu0026utm_medium=navigationu0026utm_campaign=navigation_menu_item”,”external”:false,”childItems”:{“nodes”:[],”__typename”:”MenuItemToMenuItemConnection”},”__typename”:”MenuItem”},{“label”:”The Great Texas Migration”,”url”:”https://events.therealdeal.com/rastegar-event/the-great-texas-migration?utm_source=webu0026utm_medium=navigationu0026utm_campaign=navigation_menu_item”,”external”:false,”childItems”:{“nodes”:[],”__typename”:”MenuItemToMenuItemConnection”},”__typename”:”MenuItem”},{“label”:”Future City”,”url”:”https://futurecity.therealdeal.com/?utm_source=webu0026utm_medium=navigationu0026utm_campaign=navigation_menu_item”,”external”:false,”childItems”:{“nodes”:[],”__typename”:”MenuItemToMenuItemConnection”},”__typename”:”MenuItem”},{“label”:”Salon Series”,”url”:”https://events.therealdeal.com/salon-series/home?utm_source=webu0026utm_medium=navigationu0026utm_campaign=navigation_menu_item”,”external”:false,”childItems”:{“nodes”:[],”__typename”:”MenuItemToMenuItemConnection”},”__typename”:”MenuItem”},{“label”:”New York Forum”,”url”:”https://events.therealdeal.com/new-york/home?utm_source=webu0026utm_medium=navigationu0026utm_campaign=navigation_menu_item”,”external”:true,”childItems”:{“nodes”:[],”__typename”:”MenuItemToMenuItemConnection”},”__typename”:”MenuItem”},{“label”:”Golf Classic”,”url”:”https://events.therealdeal.com/golf-classic/home?utm_source=webu0026utm_medium=navigationu0026utm_campaign=navigation_menu_item”,”external”:false,”childItems”:{“nodes”:[],”__typename”:”MenuItemToMenuItemConnection”},”__typename”:”MenuItem”},{“label”:”Industry Events”,”url”:”/industry-events”,”external”:false,”childItems”:{“nodes”:[],”__typename”:”MenuItemToMenuItemConnection”},”__typename”:”MenuItem”}],”__typename”:”MenuItemToMenuItemConnection”},”__typename”:”MenuItem”},{“url”:”/video”,”label”:”Video + Podcast”,”external”:false,”childItems”:{“nodes”:[{“label”:”Video”,”url”:”/video”,”external”:true,”childItems”:{“nodes”:[],”__typename”:”MenuItemToMenuItemConnection”},”__typename”:”MenuItem”},{“label”:”Podcast”,”url”:”/deconstruct-podcast”,”external”:false,”childItems”:{“nodes”:[],”__typename”:”MenuItemToMenuItemConnection”},”__typename”:”MenuItem”}],”__typename”:”MenuItemToMenuItemConnection”},”__typename”:”MenuItem”},{“url”:null,”label”:”Partners”,”external”:false,”childItems”:{“nodes”:[{“label”:”Brand Studio”,”url”:null,”external”:false,”childItems”:{“nodes”:[{“label”:”Content”,”url”:”/brand-studio”,”external”:false,”__typename”:”MenuItem”},{“label”:”Videos”,”url”:”/video/playlist/PLyPHLrQofDtTmGhmB4EUC0_c9J1c1_DMa”,”external”:false,”__typename”:”MenuItem”}],”__typename”:”MenuItemToMenuItemConnection”},”__typename”:”MenuItem”},{“label”:”Collaborate”,”url”:null,”external”:false,”childItems”:{“nodes”:[{“label”:”Advertise”,”url”:”/advertising”,”external”:false,”__typename”:”MenuItem”},{“label”:”Sponsor u0026 Exhibit”,”url”:”https://advertising.therealdeal.com/events/exhibitors?utm_source=webu0026utm_medium=navigationu0026utm_campaign=navigation_menu_item”,”external”:false,”__typename”:”MenuItem”}],”__typename”:”MenuItemToMenuItemConnection”},”__typename”:”MenuItem”},{“label”:”Engage”,”url”:null,”external”:false,”childItems”:{“nodes”:[{“label”:”Sponsored Content”,”url”:”/sponsored”,”external”:false,”__typename”:”MenuItem”},{“label”:”Appliance Innovation Hub”,”url”:”https://advertising.therealdeal.com/brand-studio/hubs/bsh/home?utm_source=nav”,”external”:true,”__typename”:”MenuItem”},{“label”:”Multifamily Index”,”url”:”https://advertising.therealdeal.com/brand-studio/hubs/amazon/multifamily-market-index-2″,”external”:false,”__typename”:”MenuItem”}],”__typename”:”MenuItemToMenuItemConnection”},”__typename”:”MenuItem”}],”__typename”:”MenuItemToMenuItemConnection”},”__typename”:”MenuItem”},{“url”:”/newsletters/”,”label”:”Newsletters”,”external”:true,”childItems”:{“nodes”:[],”__typename”:”MenuItemToMenuItemConnection”},”__typename”:”MenuItem”},{“url”:”https://help.therealdeal.com/knowledge/kb-tickets/new?utm_source=therealdeal.comu0026utm_medium=referralu0026utm_content=784725u0026utm_campaign=trd_external_link”,”label”:”Customer Service”,”external”:false,”childItems”:{“nodes”:[],”__typename”:”MenuItemToMenuItemConnection”},”__typename”:”MenuItem”},{“url”:”#”,”label”:”Other”,”external”:false,”childItems”:{“nodes”:[{“label”:”About Us”,”url”:”https://therealdeal.com/about/”,”external”:false,”childItems”:{“nodes”:[],”__typename”:”MenuItemToMenuItemConnection”},”__typename”:”MenuItem”},{“label”:”Contact Us”,”url”:”https://therealdeal.com/contact-us/”,”external”:false,”childItems”:{“nodes”:[],”__typename”:”MenuItemToMenuItemConnection”},”__typename”:”MenuItem”},{“label”:”Privacy Policy”,”url”:”https://therealdeal.com/privacy-policy/”,”external”:false,”childItems”:{“nodes”:[],”__typename”:”MenuItemToMenuItemConnection”},”__typename”:”MenuItem”},{“label”:”Subscribe”,”url”:”https://therealdeal.com/subscription/”,”external”:false,”childItems”:{“nodes”:[],”__typename”:”MenuItemToMenuItemConnection”},”__typename”:”MenuItem”},{“label”:”Corporate Subscriptions”,”url”:”https://therealdeal.com/corporate/”,”external”:false,”childItems”:{“nodes”:[],”__typename”:”MenuItemToMenuItemConnection”},”__typename”:”MenuItem”},{“label”:”Advertise”,”url”:”https://therealdeal.com/advertising/”,”external”:false,”childItems”:{“nodes”:[],”__typename”:”MenuItemToMenuItemConnection”},”__typename”:”MenuItem”},{“label”:”Careers”,”url”:”https://therealdeal.com/careers/”,”external”:false,”childItems”:{“nodes”:[],”__typename”:”MenuItemToMenuItemConnection”},”__typename”:”MenuItem”},{“label”:”Shop”,”url”:”https://shop.therealdeal.com/?utm_source=therealdeal.comu0026utm_medium=referralu0026utm_content=784725u0026utm_campaign=trd_external_link”,”external”:false,”childItems”:{“nodes”:[],”__typename”:”MenuItemToMenuItemConnection”},”__typename”:”MenuItem”},{“label”:”Reprints”,”url”:”https://www.parsintl.com/publications/the-real-deal/”,”external”:false,”childItems”:{“nodes”:[],”__typename”:”MenuItemToMenuItemConnection”},”__typename”:”MenuItem”}],”__typename”:”MenuItemToMenuItemConnection”},”__typename”:”MenuItem”}],”footer”:{“menu”:{“menuItems”:{“nodes”:[{“id”:”cG9zdDo5ODk4MzA=”,”url”:null,”target”:null,”label”:”The Real Deal”,”childItems”:{“nodes”:[{“id”:”cG9zdDoyNDE3ODk=”,”label”:”About us”,”url”:”https://therealdeal.com/about/”,”target”:null,”__typename”:”MenuItem”},{“id”:”cG9zdDoyNDE3OTA=”,”label”:”Contact us”,”url”:”https://therealdeal.com/contact-us/”,”target”:null,”__typename”:”MenuItem”},{“id”:”cG9zdDo3NDQxNDY=”,”label”:”Careers”,”url”:”https://therealdeal.com/careers/”,”target”:null,”__typename”:”MenuItem”}],”__typename”:”MenuItemToMenuItemConnection”},”__typename”:”MenuItem”},{“id”:”cG9zdDo5ODk4MzE=”,”url”:null,”target”:null,”label”:”Markets”,”childItems”:{“nodes”:[{“id”:”cG9zdDo5ODk4MzU=”,”label”:”New York”,”url”:”https://therealdeal.com/new-york/”,”target”:null,”__typename”:”MenuItem”},{“id”:”cG9zdDo5ODk4MzY=”,”label”:”South Florida”,”url”:”https://therealdeal.com/miami/”,”target”:null,”__typename”:”MenuItem”},{“id”:”cG9zdDo5ODk4Mzc=”,”label”:”Los Angeles”,”url”:”https://therealdeal.com/la/”,”target”:null,”__typename”:”MenuItem”},{“id”:”cG9zdDo5ODk4Mzg=”,”label”:”Chicago”,”url”:”https://therealdeal.com/chicago/”,”target”:null,”__typename”:”MenuItem”},{“id”:”cG9zdDo5ODk4Mzk=”,”label”:”Latest News”,”url”:”https://therealdeal.com/latest/”,”target”:null,”__typename”:”MenuItem”}],”__typename”:”MenuItemToMenuItemConnection”},”__typename”:”MenuItem”},{“id”:”cG9zdDo5ODk4NDA=”,”url”:null,”target”:null,”label”:”Sections”,”childItems”:{“nodes”:[{“id”:”cG9zdDo5ODk4NDE=”,”label”:”Commercial”,”url”:”https://therealdeal.com/sector/commercial/”,”target”:null,”__typename”:”MenuItem”},{“id”:”cG9zdDo5ODk4NDI=”,”label”:”Residential”,”url”:”https://therealdeal.com/sector/residential/”,”target”:null,”__typename”:”MenuItem”},{“id”:”cG9zdDo5ODk4NDM=”,”label”:”Development”,”url”:”https://therealdeal.com/sector/development/”,”target”:null,”__typename”:”MenuItem”},{“id”:”cG9zdDo5ODk4NDQ=”,”label”:”Video”,”url”:”https://therealdeal.com/video/”,”target”:null,”__typename”:”MenuItem”},{“id”:”cG9zdDo5ODk4NDU=”,”label”:”Newsletters”,”url”:”https://therealdeal.com/newsletters/”,”target”:null,”__typename”:”MenuItem”}],”__typename”:”MenuItemToMenuItemConnection”},”__typename”:”MenuItem”},{“id”:”cG9zdDo5ODk4MzI=”,”url”:null,”target”:null,”label”:”Products u0026 Services”,”childItems”:{“nodes”:[{“id”:”cG9zdDoyNDE3OTQ=”,”label”:”Advertise”,”url”:”https://therealdeal.com/advertising/”,”target”:null,”__typename”:”MenuItem”},{“id”:”cG9zdDoyNDE3OTI=”,”label”:”Subscribe”,”url”:”https://therealdeal.com/subscription/”,”target”:null,”__typename”:”MenuItem”},{“id”:”cG9zdDoyNDE3OTU=”,”label”:”Customer Service”,”url”:”https://help.therealdeal.com/knowledge/kb-tickets/new”,”target”:null,”__typename”:”MenuItem”},{“id”:”cG9zdDo3NjM1MTU=”,”label”:”Corporate Subscriptions”,”url”:”https://therealdeal.com/corporate/”,”target”:null,”__typename”:”MenuItem”},{“id”:”cG9zdDo5ODk4NDc=”,”label”:”Data”,”url”:”https://therealdeal.com/data/”,”target”:null,”__typename”:”MenuItem”},{“id”:”cG9zdDo4MjgyNTQ=”,”label”:”Reprints”,”url”:”https://www.parsintl.com/publications/the-real-deal/”,”target”:null,”__typename”:”MenuItem”},{“id”:”cG9zdDo3NDQxNDc=”,”label”:”Shop”,”url”:”https://shop.therealdeal.com/”,”target”:null,”__typename”:”MenuItem”}],”__typename”:”MenuItemToMenuItemConnection”},”__typename”:”MenuItem”},{“id”:”cG9zdDo5ODk4MzQ=”,”url”:null,”target”:null,”label”:”Legal”,”childItems”:{“nodes”:[{“id”:”cG9zdDo4NDI3NDE=”,”label”:”Terms and Conditions”,”url”:”https://therealdeal.com/terms-and-conditions-for-data-use/”,”target”:null,”__typename”:”MenuItem”},{“id”:”cG9zdDoyNDE3OTE=”,”label”:”Privacy Policy”,”url”:”https://therealdeal.com/privacy-policy/”,”target”:null,”__typename”:”MenuItem”},{“id”:”cG9zdDo5OTc4MTI=”,”label”:”Privacy Preferences”,”url”:”#privacy-preferences”,”target”:null,”__typename”:”MenuItem”}],”__typename”:”MenuItemToMenuItemConnection”},”__typename”:”MenuItem”}],”__typename”:”MenuToMenuItemConnection”},”__typename”:”Menu”},”themeGeneralSettings”:{“address”:”450 West 31st Street, New York, NY 10001″,”addressLink”:”https://www.google.com/maps/place/450+W+31st+St,+New+York,+NY+10001,+USA/data=!4m2!3m1!1s0x89c259b15bf104ad:0x51887886edfd68f6?sa=Xu0026ved=2ahUKEwjIp43714H2AhUBv4sKHek7BjYQ8gF6BAgMEAE”,”email”:”[email protected]”,”footerReservedText”:”All rights reserved © 2025 The Real Deal is a registered Trademark of Korangy Publishing Inc.”,”phone”:”212-260-1332″,”socialLinks”:[{“icon”:”twitter”,”url”:”https://twitter.com/trdny”,”__typename”:”SocialLink”},{“icon”:”facebook”,”url”:”https://www.facebook.com/therealdealmedia/”,”__typename”:”SocialLink”},{“icon”:”instagram”,”url”:”https://www.instagram.com/therealdeal/”,”__typename”:”SocialLink”},{“icon”:”youtube”,”url”:”https://www.youtube.com/channel/UCKXsx1tuopwO91QSgjrmA1g”,”__typename”:”SocialLink”},{“icon”:”linkedin”,”url”:”https://www.linkedin.com/company/therealdeal”,”__typename”:”SocialLink”},{“icon”:”newsletter”,”url”:”https://therealdeal.com/newsletters/”,”__typename”:”SocialLink”}],”__typename”:”ThemeGeneralSettings”}},”stylesWp”:[{“styles”:”:root{–wp–preset–aspect-ratio–square: 1;–wp–preset–aspect-ratio–4-3: 4/3;–wp–preset–aspect-ratio–3-4: 3/4;–wp–preset–aspect-ratio–3-2: 3/2;–wp–preset–aspect-ratio–2-3: 2/3;–wp–preset–aspect-ratio–16-9: 16/9;–wp–preset–aspect-ratio–9-16: 9/16;–wp–preset–color–black: #000000;–wp–preset–color–cyan-bluish-gray: #abb8c3;–wp–preset–color–white: #ffffff;–wp–preset–color–pale-pink: #f78da7;–wp–preset–color–vivid-red: #cf2e2e;–wp–preset–color–luminous-vivid-orange: #ff6900;–wp–preset–color–luminous-vivid-amber: #fcb900;–wp–preset–color–light-green-cyan: #7bdcb5;–wp–preset–color–vivid-green-cyan: #00d084;–wp–preset–color–pale-cyan-blue: #8ed1fc;–wp–preset–color–vivid-cyan-blue: #0693e3;–wp–preset–color–vivid-purple: #9b51e0;–wp–preset–gradient–vivid-cyan-blue-to-vivid-purple: linear-gradient(135deg,rgba(6,147,227,1) 0%,rgb(155,81,224) 100%);–wp–preset–gradient–light-green-cyan-to-vivid-green-cyan: linear-gradient(135deg,rgb(122,220,180) 0%,rgb(0,208,130) 100%);–wp–preset–gradient–luminous-vivid-amber-to-luminous-vivid-orange: linear-gradient(135deg,rgba(252,185,0,1) 0%,rgba(255,105,0,1) 100%);–wp–preset–gradient–luminous-vivid-orange-to-vivid-red: linear-gradient(135deg,rgba(255,105,0,1) 0%,rgb(207,46,46) 100%);–wp–preset–gradient–very-light-gray-to-cyan-bluish-gray: linear-gradient(135deg,rgb(238,238,238) 0%,rgb(169,184,195) 100%);–wp–preset–gradient–cool-to-warm-spectrum: linear-gradient(135deg,rgb(74,234,220) 0%,rgb(151,120,209) 20%,rgb(207,42,186) 40%,rgb(238,44,130) 60%,rgb(251,105,98) 80%,rgb(254,248,76) 100%);–wp–preset–gradient–blush-light-purple: linear-gradient(135deg,rgb(255,206,236) 0%,rgb(152,150,240) 100%);–wp–preset–gradient–blush-bordeaux: linear-gradient(135deg,rgb(254,205,165) 0%,rgb(254,45,45) 50%,rgb(107,0,62) 100%);–wp–preset–gradient–luminous-dusk: linear-gradient(135deg,rgb(255,203,112) 0%,rgb(199,81,192) 50%,rgb(65,88,208) 100%);–wp–preset–gradient–pale-ocean: linear-gradient(135deg,rgb(255,245,203) 0%,rgb(182,227,212) 50%,rgb(51,167,181) 100%);–wp–preset–gradient–electric-grass: linear-gradient(135deg,rgb(202,248,128) 0%,rgb(113,206,126) 100%);–wp–preset–gradient–midnight: linear-gradient(135deg,rgb(2,3,129) 0%,rgb(40,116,252) 100%);–wp–preset–font-size–small: 13px;–wp–preset–font-size–medium: 20px;–wp–preset–font-size–large: 36px;–wp–preset–font-size–x-large: 42px;–wp–preset–spacing–20: 0.44rem;–wp–preset–spacing–30: 0.67rem;–wp–preset–spacing–40: 1rem;–wp–preset–spacing–50: 1.5rem;–wp–preset–spacing–60: 2.25rem;–wp–preset–spacing–70: 3.38rem;–wp–preset–spacing–80: 5.06rem;–wp–preset–shadow–natural: 6px 6px 9px rgba(0, 0, 0, 0.2);–wp–preset–shadow–deep: 12px 12px 50px rgba(0, 0, 0, 0.4);–wp–preset–shadow–sharp: 6px 6px 0px rgba(0, 0, 0, 0.2);–wp–preset–shadow–outlined: 6px 6px 0px -3px rgba(255, 255, 255, 1), 6px 6px rgba(0, 0, 0, 1);–wp–preset–shadow–crisp: 6px 6px 0px rgba(0, 0, 0, 1);}:where(.is-layout-flex){gap: 0.5em;}:where(.is-layout-grid){gap: 0.5em;}body .is-layout-flex{display: flex;}.is-layout-flex{flex-wrap: wrap;align-items: center;}.is-layout-flex u003e :is(*, div){margin: 0;}body .is-layout-grid{display: grid;}.is-layout-grid u003e :is(*, div){margin: 0;}:where(.wp-block-columns.is-layout-flex){gap: 2em;}:where(.wp-block-columns.is-layout-grid){gap: 2em;}:where(.wp-block-post-template.is-layout-flex){gap: 1.25em;}:where(.wp-block-post-template.is-layout-grid){gap: 1.25em;}.has-black-color{color: var(–wp–preset–color–black) !important;}.has-cyan-bluish-gray-color{color: var(–wp–preset–color–cyan-bluish-gray) !important;}.has-white-color{color: var(–wp–preset–color–white) !important;}.has-pale-pink-color{color: var(–wp–preset–color–pale-pink) !important;}.has-vivid-red-color{color: var(–wp–preset–color–vivid-red) !important;}.has-luminous-vivid-orange-color{color: var(–wp–preset–color–luminous-vivid-orange) !important;}.has-luminous-vivid-amber-color{color: var(–wp–preset–color–luminous-vivid-amber) !important;}.has-light-green-cyan-color{color: var(–wp–preset–color–light-green-cyan) !important;}.has-vivid-green-cyan-color{color: var(–wp–preset–color–vivid-green-cyan) !important;}.has-pale-cyan-blue-color{color: var(–wp–preset–color–pale-cyan-blue) !important;}.has-vivid-cyan-blue-color{color: var(–wp–preset–color–vivid-cyan-blue) !important;}.has-vivid-purple-color{color: var(–wp–preset–color–vivid-purple) !important;}.has-black-background-color{background-color: var(–wp–preset–color–black) !important;}.has-cyan-bluish-gray-background-color{background-color: var(–wp–preset–color–cyan-bluish-gray) !important;}.has-white-background-color{background-color: var(–wp–preset–color–white) !important;}.has-pale-pink-background-color{background-color: var(–wp–preset–color–pale-pink) !important;}.has-vivid-red-background-color{background-color: var(–wp–preset–color–vivid-red) !important;}.has-luminous-vivid-orange-background-color{background-color: var(–wp–preset–color–luminous-vivid-orange) !important;}.has-luminous-vivid-amber-background-color{background-color: var(–wp–preset–color–luminous-vivid-amber) !important;}.has-light-green-cyan-background-color{background-color: var(–wp–preset–color–light-green-cyan) !important;}.has-vivid-green-cyan-background-color{background-color: var(–wp–preset–color–vivid-green-cyan) !important;}.has-pale-cyan-blue-background-color{background-color: var(–wp–preset–color–pale-cyan-blue) !important;}.has-vivid-cyan-blue-background-color{background-color: var(–wp–preset–color–vivid-cyan-blue) !important;}.has-vivid-purple-background-color{background-color: var(–wp–preset–color–vivid-purple) !important;}.has-black-border-color{border-color: var(–wp–preset–color–black) !important;}.has-cyan-bluish-gray-border-color{border-color: var(–wp–preset–color–cyan-bluish-gray) !important;}.has-white-border-color{border-color: var(–wp–preset–color–white) !important;}.has-pale-pink-border-color{border-color: var(–wp–preset–color–pale-pink) !important;}.has-vivid-red-border-color{border-color: var(–wp–preset–color–vivid-red) !important;}.has-luminous-vivid-orange-border-color{border-color: var(–wp–preset–color–luminous-vivid-orange) !important;}.has-luminous-vivid-amber-border-color{border-color: var(–wp–preset–color–luminous-vivid-amber) !important;}.has-light-green-cyan-border-color{border-color: var(–wp–preset–color–light-green-cyan) !important;}.has-vivid-green-cyan-border-color{border-color: var(–wp–preset–color–vivid-green-cyan) !important;}.has-pale-cyan-blue-border-color{border-color: var(–wp–preset–color–pale-cyan-blue) !important;}.has-vivid-cyan-blue-border-color{border-color: var(–wp–preset–color–vivid-cyan-blue) !important;}.has-vivid-purple-border-color{border-color: var(–wp–preset–color–vivid-purple) !important;}.has-vivid-cyan-blue-to-vivid-purple-gradient-background{background: var(–wp–preset–gradient–vivid-cyan-blue-to-vivid-purple) !important;}.has-light-green-cyan-to-vivid-green-cyan-gradient-background{background: var(–wp–preset–gradient–light-green-cyan-to-vivid-green-cyan) !important;}.has-luminous-vivid-amber-to-luminous-vivid-orange-gradient-background{background: var(–wp–preset–gradient–luminous-vivid-amber-to-luminous-vivid-orange) !important;}.has-luminous-vivid-orange-to-vivid-red-gradient-background{background: var(–wp–preset–gradient–luminous-vivid-orange-to-vivid-red) !important;}.has-very-light-gray-to-cyan-bluish-gray-gradient-background{background: var(–wp–preset–gradient–very-light-gray-to-cyan-bluish-gray) !important;}.has-cool-to-warm-spectrum-gradient-background{background: var(–wp–preset–gradient–cool-to-warm-spectrum) !important;}.has-blush-light-purple-gradient-background{background: var(–wp–preset–gradient–blush-light-purple) !important;}.has-blush-bordeaux-gradient-background{background: var(–wp–preset–gradient–blush-bordeaux) !important;}.has-luminous-dusk-gradient-background{background: var(–wp–preset–gradient–luminous-dusk) !important;}.has-pale-ocean-gradient-background{background: var(–wp–preset–gradient–pale-ocean) !important;}.has-electric-grass-gradient-background{background: var(–wp–preset–gradient–electric-grass) !important;}.has-midnight-gradient-background{background: var(–wp–preset–gradient–midnight) !important;}.has-small-font-size{font-size: var(–wp–preset–font-size–small) !important;}.has-medium-font-size{font-size: var(–wp–preset–font-size–medium) !important;}.has-large-font-size{font-size: var(–wp–preset–font-size–large) !important;}.has-x-large-font-size{font-size: var(–wp–preset–font-size–x-large) !important;}”,”type”:”list”,”__typename”:”StyleItem”}],”post”:{“id”:”cG9zdDo5OTkwNTA=”,”databaseId”:999050,”title”:”What brokers want: Elliman’s Liebowitz, Side’s Gal sound off on resi shakeups”,”status”:”publish”,”slug”:”ellimans-michael-liebowitz-sides-guy-gal-on-resi-brokerage”,”uri”:”/miami/2025/11/06/ellimans-michael-liebowitz-sides-guy-gal-on-resi-brokerage/”,”link”:”https://therealdeal.com/miami/2025/11/06/ellimans-michael-liebowitz-sides-guy-gal-on-resi-brokerage/”,”dateGmt”:”2025-11-06T17:30:50″,”contentTypeName”:”post”,”contentFiltered”:”u003cpu003eMichael Liebowitz and Guy Gal didn’t hold back on Compass’ planned takeover of Anywhere Real Estate, the push for commission clawbacks and the future of brokerage brands during a wide-ranging debate at u003ca href=”https://events.therealdeal.com/event/brokerage-wars-what-do-firms-owe-their-agents”u003eu003cemu003eThe Real Deal’u003c/emu003es Miami Real Estate Forumu003c/au003e.u003c/pu003enu003cpu003eBoth CEOs took jabs at the proposed deal that would turn the combined companies into a brokerage behemoth in a conversation moderated by u003cemu003eTRDu003c/emu003e Editor in Chief Stuart Elliott on Wednesday.u0026nbsp;u003c/pu003enu003cpu003eCompass announced earlier this year that it plans to acquire Anywhere, the parent company for Corcoran, Sotheby’s International Realty, Coldwell Banker and Century 21, in an all-stock deal u003ca href=”/national/2025/09/22/compass-acquiring-anywhere-parent-of-century-21-and-coldwell-banker/”u003evalued at $1.6 billionu003c/au003e.u0026nbsp;u003c/pu003enu003cpu003eDouglas Elliman CEO u003ca href=”/national/2025/10/28/douglas-elliman-ceo-michael-liebowitz-property-management-sale/”u003eLiebowitzu003c/au003e suggested the $300 million in expected cost cuts that the merger would bring will push some agents to leave Compass and the Anywhere brands.u003c/pu003enu003cpu003e“These are very difficult businesses to integrate. The second you start taking things away from agents, there is no barrier to leave. You can just basically get up, leave and go to another firm, obviously have some clawbacks and all that,” said Liebowitz. “Itu0026#8217;s just the reality of what happens anytime you do a deal. You have to realize youu0026#8217;re going to lose pieces of that deal after itu0026#8217;s done.”u0026nbsp;u003c/pu003enu003cpu003eGal, founder and CEO of the white-label firm Side, jumped in to note that it is “incredibly hard” for a top agent to leave Compass today.u003c/pu003enu003csection id=”trd-gallery-block_8bb1ef2a833ee92e0ab52af69f37db17″ class=”trd-gallery”u003eu003cdiv class=”trd-gallery-slides”u003eu003cfigure class=”wp-block-image size-full”u003eu003cimg loading=”lazy” decoding=”async” width=”4000″ height=”2667″ src=”https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_133633-6504_ALIVE.jpg” alt=”The Real Deal Editor-In-Chief Stuart Elliott, Douglas Elliman CEO Michael Liebowitz and Side CEO Guy Gal ” class=”wp-image-999059″ srcset=”https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_133633-6504_ALIVE.jpg 4000w, https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_133633-6504_ALIVE-300×200.jpg 300w, https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_133633-6504_ALIVE-700×467.jpg 700w, https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_133633-6504_ALIVE-200×133.jpg 200w, https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_133633-6504_ALIVE-768×512.jpg 768w, https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_133633-6504_ALIVE-1024×683.jpg 1024w, https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_133633-6504_ALIVE-1400×933.jpg 1400w, https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_133633-6504_ALIVE-50×33.jpg 50w” sizes=”auto, (max-width: 4000px) 100vw, 4000px” /u003eu003cfigcaption class=”wp-element-caption”u003eThe Real Deal Editor-In-Chief Stuart Elliott, Douglas Elliman CEO Michael Liebowitz and Side CEO Guy Gal (Photos by Alive Coverage)u003c/figcaptionu003eu003c/figureu003eu003cfigure class=”wp-block-image size-full”u003eu003cimg loading=”lazy” decoding=”async” width=”3677″ height=”2451″ src=”https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_134013-6551_ALIVE.jpg” alt=”” class=”wp-image-999066″ srcset=”https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_134013-6551_ALIVE.jpg 3677w, https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_134013-6551_ALIVE-300×200.jpg 300w, https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_134013-6551_ALIVE-700×467.jpg 700w, https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_134013-6551_ALIVE-200×133.jpg 200w, https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_134013-6551_ALIVE-768×512.jpg 768w, https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_134013-6551_ALIVE-1024×683.jpg 1024w, https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_134013-6551_ALIVE-1400×933.jpg 1400w, https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_134013-6551_ALIVE-50×33.jpg 50w” sizes=”auto, (max-width: 3677px) 100vw, 3677px” /u003eu003cfigcaption class=”wp-element-caption”u003eSide CEO Guy Gal (Photos by Alive Coverage)u003c/figcaptionu003eu003c/figureu003eu003cfigure class=”wp-block-image size-full”u003eu003cimg loading=”lazy” decoding=”async” width=”4000″ height=”2667″ src=”https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_133825-6524_ALIVE.jpg” alt=”” class=”wp-image-999062″ srcset=”https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_133825-6524_ALIVE.jpg 4000w, https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_133825-6524_ALIVE-300×200.jpg 300w, https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_133825-6524_ALIVE-700×467.jpg 700w, https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_133825-6524_ALIVE-200×133.jpg 200w, https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_133825-6524_ALIVE-768×512.jpg 768w, https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_133825-6524_ALIVE-1024×683.jpg 1024w, https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_133825-6524_ALIVE-1400×933.jpg 1400w, https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_133825-6524_ALIVE-50×33.jpg 50w” sizes=”auto, (max-width: 4000px) 100vw, 4000px” /u003eu003cfigcaption class=”wp-element-caption”u003eDouglas Elliman CEO Michael Liebowitz (Photos by Alive Coverage)u003c/figcaptionu003eu003c/figureu003eu003cfigure class=”wp-block-image size-full”u003eu003cimg loading=”lazy” decoding=”async” width=”4000″ height=”2236″ src=”https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_134255-6564_ALIVE.jpg” alt=”” class=”wp-image-999067″ srcset=”https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_134255-6564_ALIVE.jpg 4000w, https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_134255-6564_ALIVE-300×168.jpg 300w, https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_134255-6564_ALIVE-700×391.jpg 700w, https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_134255-6564_ALIVE-200×112.jpg 200w, https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_134255-6564_ALIVE-768×429.jpg 768w, https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_134255-6564_ALIVE-1024×572.jpg 1024w, https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_134255-6564_ALIVE-1400×783.jpg 1400w, https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_134255-6564_ALIVE-50×28.jpg 50w” sizes=”auto, (max-width: 4000px) 100vw, 4000px” /u003eu003cfigcaption class=”wp-element-caption”u003eThe Real Deal Editor-In-Chief Stuart Elliott, Douglas Elliman CEO Michael Liebowitz and Side CEO Guy Gal (Photos by Alive Coverage)u003c/figcaptionu003eu003c/figureu003eu003cfigure class=”wp-block-image size-full”u003eu003cimg loading=”lazy” decoding=”async” width=”1992″ height=”1328″ src=”https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_140844-6577_ALIVE.jpg” alt=”” class=”wp-image-999068″ srcset=”https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_140844-6577_ALIVE.jpg 1992w, https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_140844-6577_ALIVE-300×200.jpg 300w, https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_140844-6577_ALIVE-700×467.jpg 700w, https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_140844-6577_ALIVE-200×133.jpg 200w, https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_140844-6577_ALIVE-768×512.jpg 768w, https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_140844-6577_ALIVE-1024×683.jpg 1024w, https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_140844-6577_ALIVE-1400×933.jpg 1400w, https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_140844-6577_ALIVE-50×33.jpg 50w” sizes=”auto, (max-width: 1992px) 100vw, 1992px” /u003eu003cfigcaption class=”wp-element-caption”u003eSide CEO Guy Gal (Photos by Alive Coverage)u003c/figcaptionu003eu003c/figureu003eu003cfigure class=”wp-block-image size-full”u003eu003cimg loading=”lazy” decoding=”async” width=”1957″ height=”1305″ src=”https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_141415-6611_ALIVE.jpg” alt=”” class=”wp-image-999074″ srcset=”https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_141415-6611_ALIVE.jpg 1957w, https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_141415-6611_ALIVE-300×200.jpg 300w, https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_141415-6611_ALIVE-700×467.jpg 700w, https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_141415-6611_ALIVE-200×133.jpg 200w, https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_141415-6611_ALIVE-768×512.jpg 768w, https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_141415-6611_ALIVE-1024×683.jpg 1024w, https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_141415-6611_ALIVE-1400×934.jpg 1400w, https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_141415-6611_ALIVE-50×33.jpg 50w” sizes=”auto, (max-width: 1957px) 100vw, 1957px” /u003eu003cfigcaption class=”wp-element-caption”u003e(Photos by Alive Coverage)u003c/figcaptionu003eu003c/figureu003eu003cfigure class=”wp-block-image size-full”u003eu003cimg loading=”lazy” decoding=”async” width=”4000″ height=”2667″ src=”https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_133750-6521_ALIVE.jpg” alt=”” class=”wp-image-999061″ srcset=”https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_133750-6521_ALIVE.jpg 4000w, https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_133750-6521_ALIVE-300×200.jpg 300w, https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_133750-6521_ALIVE-700×467.jpg 700w, https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_133750-6521_ALIVE-200×133.jpg 200w, https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_133750-6521_ALIVE-768×512.jpg 768w, https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_133750-6521_ALIVE-1024×683.jpg 1024w, https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_133750-6521_ALIVE-1400×933.jpg 1400w, https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_133750-6521_ALIVE-50×33.jpg 50w” sizes=”auto, (max-width: 4000px) 100vw, 4000px” /u003eu003cfigcaption class=”wp-element-caption”u003eThe Real Deal Editor-In-Chief Stuart Elliott, Douglas Elliman CEO Michael Liebowitz and Side CEO Guy Gal u003c/figcaptionu003eu003c/figureu003eu003c/divu003eu003c/sectionu003eu003cpu003e“We talk to Compass agents all the time who are looking to explore their options and then realize they really canu0026#8217;t, unless theyu0026#8217;re coming out of pocket for a whole lot of money, to a point where weu0026#8217;ve had to set up what I affectionately refer to as the ‘Compass emancipation fund,’ where weu0026#8217;re advancing agents money at no interest,” Gal said.u0026nbsp;u003c/pu003enu003cpu003eu003ca href=”/national/2025/10/25/new-york-city-brokerage-lands-in-court-over-clawbacks/”u003eClawbacksu003c/au003e are necessary, Liebowitz said.u003c/pu003enu003cpu003e“You canu0026#8217;t put all that energy and effort and dollars into the agents when they come on and not have that ability to do it,” he said.u0026nbsp;u003c/pu003enu003cpu003eGal championed the agent side of the business. Side helps agents create their brokerage brand and provides them with back-end services. But if agents want to exit their deals with Side within two years of joining the company, then they have to pay Side back.u0026nbsp;u003c/pu003enu003cpu003e“I want to remind all the agents in this room … because you spend the whole career being indoctrinated and institutionalized to believe the complete opposite. But the truth at the end of the day is that youu0026#8217;re the value creator in this industry,” Gal said. “You wake up every morning, you connect invisible dots. Youu0026#8217;re putting up your own time, your own money, your own opportunity, taking all the damn risk, and you are the ones that make it happen. And then you do a favor to all these other companies by slapping their logo on top of your name.”u0026nbsp;u003c/pu003enu003cpu003eLiebowitz, who became president and CEO of Elliman about a year ago, suggested his company’s u003ca href=”/national/2025/10/24/douglas-elliman-sells-property-management-arm-to-associa/”u003e$85 million saleu003c/au003e of its property management arm to a subsidiary of Associa, one of the largest property management firms in the country, was timed right with u003ca href=”/new-york/2025/11/05/nyc-resi-players-dismiss-fears-over-zohran-mamdanis-victory/”u003eZohran Mamdaniu003c/au003e winning the mayoral election in New York.u0026nbsp;u003c/pu003enu003cpu003e“Iu0026#8217;m not really being political, but we were in the property management business. It was a big business, and thereu0026#8217;s a lot of issues with labor law in New York. I donu0026#8217;t think a lot of people realize that with that administration, itu0026#8217;s going to be more difficult,” Liebowitz said. “So it was really it kind of wind up between the Anywhere and Compass merger, between what was going on in New York, between getting a really top price. We really want to be a pure-play real estate brokerage firm, asset light.”u0026nbsp;u003c/pu003enu003cpu003eGal and Liebowitz were also critical of the National Association of Realtors’ handling of the class action litigation centered around commission payments and buyer broker agreements.u0026nbsp;u003c/pu003enu003cpu003eGal said the lawsuits “are a gift” to the industry.u0026nbsp;u0026nbsp;u003c/pu003enu003cpu003e“Just a year ago, you had a million agents out there that are averaging three closings a year pitching buyers. Itu0026#8217;s free and no obligation, and thatu0026#8217;s how they were getting deals done with actual buyers,” he said. “They canu0026#8217;t do that anymore… and thatu0026#8217;s putting a lot of the larger brokerages at risk, because so much of their revenue and their income and their profits depend on those part time agents at very favorable splits to the house.”u0026nbsp;u003c/pu003enu003cpu003eLiebowitz said someone at NAR recently reached out to him to speak.u0026nbsp;u003c/pu003enu003cpu003e“Why the hell would I waste my time? You know what,u0026nbsp; I actually said, ‘I want the agenda before I get on the phone,’” he said. “I just want my money back from the settlement. We paid off all our debts, and now I would love to have that cash.”u003c/pu003enu003csection class=”ReadMoreSection_root”u003entu003ch4 class=”ReadMoreSection_title”u003eRead moreu003c/h4u003enttttttttu003ca class=”BlogrollPost” href=”/national/2025/11/04/douglas-elliman-loses-25m-in-q3/”u003enttttu003carticle class=”BlogrollPost_container”u003entttttu003cfigure class=”BlogrollPost_image FeaturedImage”u003entttttttttttttu003cimg decoding=”async” width=”200″ height=”125″ src=”https://static.therealdeal.com/wp-content/uploads/2025/11/NATL-Elliman-loses-25M-in-Q3-MAIN-200×125.jpg” class=”FeaturedImage_image wp-post-image” alt=”” loading=”lazy” /u003etttttttttttu003c/figureu003entttttu003cdiv class=”BlogrollPost_content”u003enttttttu003cdiv class=”BlogrollPost_heading”u003entttttttu003cdiv class=”MarketSectorLabel_categoryCityLabelWrapper”u003enttttttttttttttttu003cdiv class=”MarketSectorLabel_sectorLabel”u003entttttttttResidentialttttttttu003c/divu003enttttttttttttttttttttttttu003cdiv class=”MarketSectorLabel_marketLabel”u003entttttttttNationalttttttttu003c/divu003entttttttttttttttu003c/divu003enttttttu003c/divu003enttttttu003cdiv class=”BlogrollPost_title”u003eDouglas Elliman loses $25M in the third quarteru003c/divu003entttttu003c/divu003enttttu003c/articleu003entttu003c/au003enttttttu003ca class=”BlogrollPost” href=”/national/2025/10/24/douglas-elliman-sells-property-management-arm-to-associa/”u003enttttu003carticle class=”BlogrollPost_container”u003entttttu003cfigure class=”BlogrollPost_image FeaturedImage”u003entttttttttttttu003cimg decoding=”async” width=”200″ height=”133″ src=”https://static.therealdeal.com/wp-content/uploads/2025/10/NAT_Douglas-Elliman-Breaking-200×133.png” class=”FeaturedImage_image wp-post-image” alt=”” loading=”lazy” /u003etttttttttttu003c/figureu003entttttu003cdiv class=”BlogrollPost_content”u003enttttttu003cdiv class=”BlogrollPost_heading”u003entttttttu003cdiv class=”MarketSectorLabel_categoryCityLabelWrapper”u003enttttttttttttttttu003cdiv class=”MarketSectorLabel_sectorLabel”u003entttttttttResidentialttttttttu003c/divu003enttttttttttttttttttttttttu003cdiv class=”MarketSectorLabel_marketLabel”u003entttttttttNationalttttttttu003c/divu003entttttttttttttttu003c/divu003enttttttu003c/divu003enttttttu003cdiv class=”BlogrollPost_title”u003eElliman sells property management arm to Associa for $85Mu003c/divu003entttttu003c/divu003enttttu003c/articleu003entttu003c/au003enttttttu003ca class=”BlogrollPost” href=”/new-york/tristate/2025/09/03/side-launches-new-jersey-operations-with-kw-recruits/”u003enttttu003carticle class=”BlogrollPost_container”u003entttttu003cfigure class=”BlogrollPost_image FeaturedImage”u003entttttttttttttu003cimg decoding=”async” width=”200″ height=”125″ src=”https://static.therealdeal.com/wp-content/uploads/2025/09/TRI-Side-launches-in-New-Jersey-with-new-brokerage-Prive-Haus-MAIN-200×125.jpg” class=”FeaturedImage_image wp-post-image” alt=”” loading=”lazy” /u003etttttttttttu003c/figureu003entttttu003cdiv class=”BlogrollPost_content”u003enttttttu003cdiv class=”BlogrollPost_heading”u003entttttttu003cdiv class=”MarketSectorLabel_categoryCityLabelWrapper”u003enttttttttttttttttu003cdiv class=”MarketSectorLabel_sectorLabel”u003entttttttttResidentialttttttttu003c/divu003enttttttttttttttttttttttttu003cdiv class=”MarketSectorLabel_marketLabel”u003entttttttttTri-Statettttttttu003c/divu003entttttttttttttttu003c/divu003enttttttu003c/divu003enttttttu003cdiv class=”BlogrollPost_title”u003eSide launches in New Jersey with new brokerage Privé Hausu003c/divu003entttttu003c/divu003enttttu003c/articleu003entttu003c/au003enttttu003c/sectionu003enntt”,”noAds”:false,”alternativeHeadline”:{“subheadline”:”Brokerage heads critical of Compass-Anywhere deal, clawbacks and NAR”,”__typename”:”AlternativeHeadline”},”updatedPost”:{“updated”:false,”date”:”2025-11-06T17:37:00+00:00″,”__typename”:”UpdatedPost”},”aiSummary”:{“summary”:”u003cpu003eu003c!– wp:list –u003eu003c/pu003ernu003cul class=”wp-block-list”u003eu003c!– wp:list-item –u003ernu003cliu003eDouglas Elliman CEO Michael Liebowitz and Side CEO Guy Gal debated the proposed Compass-Anywhere Real Estate merger, with Liebowitz suggesting the expected cost cuts could cause agents to leave.u003c/liu003ernu003c!– /wp:list-item –u003ernrnu003c!– wp:list-item –u003ernu003cliu003eThe executives also discussed commission clawbacks, which Liebowitz deemed necessary, while Gal championed the agent as the value creator, noting Side also has a clawback for agents leaving within two years.u003c/liu003ernu003c!– /wp:list-item –u003ernrnu003c!– wp:list-item –u003ernu003cliu003eLiebowitz explained Elliman’s $85 million sale of its property management arm was a strategic move to become a “pure-play real estate brokerage firm, asset light,” partly influenced by labor law issues in New York following the mayoral election.u003c/liu003ernu003c!– /wp:list-item –u003eu003c/ulu003ernu003cpu003eu003c!– /wp:list –u003eu003c/pu003e”,”reviewed”:true,”disabled”:false,”autoGenerate”:false,”__typename”:”AISummary”},”audioArticleSettings”:{“audioUrl”:”https://eleven-public-cdn.elevenlabs.io/audio-native/a24c95b71e45d877e2798ceb32ef0ff8b1d79dced18bffc58f5b3a0c6e8468ac/6PI7Xp5jeqp5ipDBva6S/6PI7Xp5jeqp5ipDBva6S.mp3″,”__typename”:”AudioArticleSettings”},”mainArt”:{“mediaType”:”image”,”image”:{“node”:{“sourceUrl”:”/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_133850-6537_ALIVE-1400×933.jpg”,”srcSet”:”/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_133850-6537_ALIVE-1400×933.jpg 1400w, /wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_133850-6537_ALIVE-300×200.jpg 300w, /wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_133850-6537_ALIVE-700×467.jpg 700w, /wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_133850-6537_ALIVE-200×133.jpg 200w, /wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_133850-6537_ALIVE-768×512.jpg 768w, /wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_133850-6537_ALIVE-1024×683.jpg 1024w, /wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_133850-6537_ALIVE-50×33.jpg 50w”,”sizes”:”(max-width: 1400px) 100vw, 1400px”,”caption”:null,”altText”:””,”__typename”:”MediaItem”},”__typename”:”AcfMediaItemConnectionEdge”},”video”:null,”caption”:”Douglas Elliman CEO Michael Liebowitz (Photos by Alive Coverage)”,”__typename”:”MainArt”},”featuredImage”:{“node”:{“sourceUrl”:”https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_140847-6581_ALIVE-1400×933.jpg”,”srcSet”:”https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_140847-6581_ALIVE-1400×933.jpg 1400w, https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_140847-6581_ALIVE-300×200.jpg 300w, https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_140847-6581_ALIVE-700×467.jpg 700w, https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_140847-6581_ALIVE-200×133.jpg 200w, https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_140847-6581_ALIVE-768×512.jpg 768w, https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_140847-6581_ALIVE-1024×683.jpg 1024w, https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_140847-6581_ALIVE-50×33.jpg 50w”,”sizes”:”(max-width: 1400px) 100vw, 1400px”,”caption”:null,”altText”:””,”mediaDetails”:{“sizes”:[{“width”:”1400″,”height”:”933″,”__typename”:”MediaSize”}],”__typename”:”MediaDetails”},”__typename”:”MediaItem”},”__typename”:”NodeWithFeaturedImageToMediaItemConnectionEdge”},”__typename”:”Post”,”template”:{“templateValue”:”full-width-a”,”__typename”:”Template_FullWidthA”},”seo”:{“title”:”Elliman’s Michael Liebowitz, Side’s Guy Gal on Resi Brokerage”,”fullHead”:”u003c!– This site is optimized with the Yoast SEO Premium plugin v26.0 (Yoast SEO v26.1.1) – https://yoast.com/wordpress/plugins/seo/ –u003enu003cmeta name=”description” content=”Brokerage execs Michael Liebowitz and Guy Gal sounded off on differing brokerage models, clawbacks and the Compass-Anywhere deal.” /u003enu003cmeta name=”robots” content=”index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1″ /u003enu003clink rel=”canonical” href=”https://therealdeal.com/miami/2025/11/06/ellimans-michael-liebowitz-sides-guy-gal-on-resi-brokerage/” /u003enu003cmeta property=”og:locale” content=”en_US” /u003enu003cmeta property=”og:type” content=”article” /u003enu003cmeta property=”og:title” content=”What brokers want: Elliman’s Liebowitz, Side’s Gal sound off on resi shakeups” /u003enu003cmeta property=”og:description” content=”Brokerage execs Michael Liebowitz and Guy Gal sounded off on differing brokerage models, clawbacks and the Compass-Anywhere deal.” /u003enu003cmeta property=”og:url” content=”https://therealdeal.com/miami/2025/11/06/ellimans-michael-liebowitz-sides-guy-gal-on-resi-brokerage/” /u003enu003cmeta property=”og:site_name” content=”The Real Deal” /u003enu003cmeta property=”article:publisher” content=”https://www.facebook.com/therealdealmedia/” /u003enu003cmeta property=”article:published_time” content=”2025-11-06T17:30:50+00:00″ /u003enu003cmeta property=”article:modified_time” content=”2025-11-06T17:33:47+00:00″ /u003enu003cmeta property=”og:image” content=”https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_140847-6581_ALIVE-700×467.jpg” /u003entu003cmeta property=”og:image:width” content=”700″ /u003entu003cmeta property=”og:image:height” content=”467″ /u003entu003cmeta property=”og:image:type” content=”image/jpeg” /u003enu003cmeta name=”author” content=”Katherine Kallergis” /u003enu003cmeta name=”twitter:card” content=”summary_large_image” /u003enu003cmeta name=”twitter:description” content=”Michael Liebowitz and Guy Gal didn’t hold back on Compass’ planned takeover of Anywhere Real Estate, the push for commission clawbacks and the future of brokerage brands during a wide-ranging debate at The Real Deal’s Miami Real Estate Forum. Both CEOs took jabs at the proposed deal that would turn the combined companies into a brokerage behemoth in a conversation moderated by TRD Editor in Chief Stuart Elliott on Wednesday.u0026nbsp; Compass announced earlier this year that it plans to acquire Anywhere, the parent company for Corcoran, Sotheby’s International Realty, Coldwell Banker and Century 21, in an all-stock deal valued at [u0026hellip;]” /u003enu003cmeta name=”twitter:creator” content=”@trdny” /u003enu003cmeta name=”twitter:site” content=”@trdny” /u003enu003cmeta name=”twitter:label1″ content=”Written by” /u003entu003cmeta name=”twitter:data1″ content=”Kevin Rebong” /u003entu003cmeta name=”twitter:label2″ content=”Est. reading time” /u003entu003cmeta name=”twitter:data2″ content=”6 minutes” /u003enu003cscript type=”application/ld+json” class=”yoast-schema-graph”u003e{“@context”:”https://schema.org”,”@graph”:[{“@type”:”NewsArticle”,”@id”:”https://therealdeal.com/miami/2025/11/06/ellimans-michael-liebowitz-sides-guy-gal-on-resi-brokerage/#article”,”isPartOf”:{“@id”:”https://therealdeal.com/miami/2025/11/06/ellimans-michael-liebowitz-sides-guy-gal-on-resi-brokerage/”},”author”:[{“@type”:”Person”,”@id”:”https://therealdeal.com/#/schema/person/2ec87f8cf2214bd77d8b7913c476cf43″,”name”:”Katherine Kallergis”,”image”:{“@type”:”ImageObject”,”url”:”https://secure.gravatar.com/avatar/c2c25fd6c44919923b90a57ca205e61f043ea5fe246acf98f17af994b2103337?s=96u0026#038;d=mmu0026#038;r=g”},”description”:”Katherine Kallergis is residential bureau chief and a senior reporter at The Real Deal. Katherine, who has won awards from NAREE and the Society of Professional Journalists, reports on the South Florida market, with a focus on residential real estate and new development. She also works with reporters across TRD’s markets covering the resi beat, and writes The Weekly Dirt newsletter. Katherine was born and raised in Miami, and graduated from the University of Florida in 2014 with her B.S. in Journalism and joined TRD later that year.\r\nYou can reach her at (305) 342-5832 or [email protected].”,”sameAs”:[“https://x.com/kkallergis”],”url”:”https://therealdeal.com/author/katherine-kallergis/”}],”headline”:”What brokers want: Elliman’s Liebowitz, Side’s Gal sound off on resi shakeups”,”datePublished”:”2025-11-06T17:30:50+00:00″,”dateModified”:”2025-11-06T17:33:47+00:00″,”mainEntityOfPage”:{“@id”:”https://therealdeal.com/miami/2025/11/06/ellimans-michael-liebowitz-sides-guy-gal-on-resi-brokerage/”},”wordCount”:917,”publisher”:{“@id”:”https://therealdeal.com/#organization”},”image”:[{“@type”:”ImageObject”,”url”:”https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_140847-6581_ALIVE-300×200.jpg”,”width”:300,”height”:200,”contentUrl”:”https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_140847-6581_ALIVE-300×200.jpg”,”caption”:”Side CEO Guy Gal (Photos by Alive Coverage)”,”creditText”:”The Real Deal”,”creator”:{“id”:”https://therealdeal.com/#organization”}},{“@type”:”ImageObject”,”url”:”https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_140847-6581_ALIVE-700×467.jpg”,”width”:700,”height”:467,”contentUrl”:”https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_140847-6581_ALIVE-700×467.jpg”,”caption”:”Side CEO Guy Gal (Photos by Alive Coverage)”,”creditText”:”The Real Deal”,”creator”:{“id”:”https://therealdeal.com/#organization”}},{“@type”:”ImageObject”,”url”:”https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_140847-6581_ALIVE-200×133.jpg”,”width”:200,”height”:133,”contentUrl”:”https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_140847-6581_ALIVE-200×133.jpg”,”caption”:”Side CEO Guy Gal (Photos by Alive Coverage)”,”creditText”:”The Real Deal”,”creator”:{“id”:”https://therealdeal.com/#organization”}},{“@type”:”ImageObject”,”url”:”https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_140847-6581_ALIVE-768×512.jpg”,”width”:768,”height”:512,”contentUrl”:”https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_140847-6581_ALIVE-768×512.jpg”,”caption”:”Side CEO Guy Gal (Photos by Alive Coverage)”,”creditText”:”The Real Deal”,”creator”:{“id”:”https://therealdeal.com/#organization”}},{“@type”:”ImageObject”,”url”:”https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_140847-6581_ALIVE-1024×683.jpg”,”width”:1024,”height”:683,”contentUrl”:”https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_140847-6581_ALIVE-1024×683.jpg”,”caption”:”Side CEO Guy Gal (Photos by Alive Coverage)”,”creditText”:”The Real Deal”,”creator”:{“id”:”https://therealdeal.com/#organization”}},{“@type”:”ImageObject”,”url”:”https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_140847-6581_ALIVE-1400×933.jpg”,”width”:1400,”height”:933,”contentUrl”:”https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_140847-6581_ALIVE-1400×933.jpg”,”caption”:”Side CEO Guy Gal (Photos by Alive Coverage)”,”creditText”:”The Real Deal”,”creator”:{“id”:”https://therealdeal.com/#organization”}},{“@type”:”ImageObject”,”url”:”https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_140847-6581_ALIVE-50×33.jpg”,”width”:50,”height”:33,”contentUrl”:”https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_140847-6581_ALIVE-50×33.jpg”,”caption”:”Side CEO Guy Gal (Photos by Alive Coverage)”,”creditText”:”The Real Deal”,”creator”:{“id”:”https://therealdeal.com/#organization”}}],”thumbnailUrl”:”https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_140847-6581_ALIVE.jpg”,”articleSection”:[“Residential”],”inLanguage”:”en-US”,”description”:”Michael Liebowitz and Guy Gal didn’t hold back on Compass’ planned takeover of Anywhere Real Estate, the push for commission clawbacks and the future of brokerage brands during a wide-ranging debate at The Real Deal’s Miami Real Estate Forum. Both CEOs took jabs at the proposed deal that would turn the combined companies into a brokerage behemoth in a conversation moderated by TRD Editor in Chief Stuart Elliott on Wednesday.u0026nbsp; Compass announced earlier this year that it plans to acquire Anywhere, the parent company for Corcoran, Sotheby’s International Realty, Coldwell Banker and Century 21, in an all-stock deal valued at [u0026hellip;]”,”isAccessibleForFree”:”false”,”hasPart”:{“@type”:”WebPageElement”,”isAccessibleForFree”:”false”,”cssSelector”:”#the-content”},”copyrightHolder”:{“@id”:”https://therealdeal.com/#organization”,”name”:”The Real Deal”},”copyrightYear”:”2025″,”alternativeHeadline”:”Brokerage heads critical of Compass-Anywhere deal, clawbacks and NAR”,”backstory”:{“@type”:”CreativeWork”,”text”:”Michael Liebowitz and Guy Gal didn’t hold back on Compass’ planned takeover of Anywhere Real Estate, the push for commission clawbacks and the future of brokerage brands during a wide-ranging debate at The Real Deal’s Miami Real Estate Forum. Both CEOs took jabs at the proposed deal that would turn the combined companies into a brokerage behemoth in a conversation moderated by TRD Editor in Chief Stuart Elliott on Wednesday.u0026nbsp; Compass announced earlier this year that it plans to acquire Anywhere, the parent company for Corcoran, Sotheby’s International Realty, Coldwell Banker and Century 21, in an all-stock deal valued at [u0026hellip;]”},”speakable”:”https://therealdeal.com/miami/2025/11/06/ellimans-michael-liebowitz-sides-guy-gal-on-resi-brokerage/#the-content”,”contentLocation”:{“@type”:”Place”,”name”:”South Florida”,”url”:”https://therealdeal.com/miami/”},”keywords”:[“Real Estate”,”South Florida Real Estate”,”South Florida”,”Residential”,”Anywhere Real Estate”,”Associa”,”Century 21″,”coldwell banker”,”Compass”,”Corcoran”,”Douglas Elliman”,”National Association of Realtors”,”Side”,”Sotheby’s International Realty”,”Miami”,”New York”,”United States”],”audio”:{“@type”:”AudioObject”,”contentUrl”:”https://eleven-public-cdn.elevenlabs.io/audio-native/a24c95b71e45d877e2798ceb32ef0ff8b1d79dced18bffc58f5b3a0c6e8468ac/6PI7Xp5jeqp5ipDBva6S/6PI7Xp5jeqp5ipDBva6S.mp3″}},{“@type”:”WebPage”,”@id”:”https://therealdeal.com/miami/2025/11/06/ellimans-michael-liebowitz-sides-guy-gal-on-resi-brokerage/”,”url”:”https://therealdeal.com/miami/2025/11/06/ellimans-michael-liebowitz-sides-guy-gal-on-resi-brokerage/”,”name”:”Elliman’s Michael Liebowitz, Side’s Guy Gal on Resi Brokerage”,”isPartOf”:{“@id”:”https://therealdeal.com/#website”},”primaryImageOfPage”:{“@id”:”https://therealdeal.com/miami/2025/11/06/ellimans-michael-liebowitz-sides-guy-gal-on-resi-brokerage/#primaryimage”},”image”:{“@id”:”https://therealdeal.com/miami/2025/11/06/ellimans-michael-liebowitz-sides-guy-gal-on-resi-brokerage/#primaryimage”},”thumbnailUrl”:”https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_140847-6581_ALIVE.jpg”,”datePublished”:”2025-11-06T17:30:50+00:00″,”dateModified”:”2025-11-06T17:33:47+00:00″,”description”:”Brokerage execs Michael Liebowitz and Guy Gal sounded off on differing brokerage models, clawbacks and the Compass-Anywhere deal.”,”breadcrumb”:{“@id”:”https://therealdeal.com/miami/2025/11/06/ellimans-michael-liebowitz-sides-guy-gal-on-resi-brokerage/#breadcrumb”},”inLanguage”:”en-US”,”potentialAction”:[{“@type”:”ReadAction”,”target”:[“https://therealdeal.com/miami/2025/11/06/ellimans-michael-liebowitz-sides-guy-gal-on-resi-brokerage/”]}]},{“@type”:”ImageObject”,”inLanguage”:”en-US”,”@id”:”https://therealdeal.com/miami/2025/11/06/ellimans-michael-liebowitz-sides-guy-gal-on-resi-brokerage/#primaryimage”,”url”:”https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_140847-6581_ALIVE.jpg”,”contentUrl”:”https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_140847-6581_ALIVE.jpg”,”width”:3360,”height”:2240,”caption”:”Side CEO Guy Gal (Photos by Alive Coverage)”},{“@type”:”BreadcrumbList”,”@id”:”https://therealdeal.com/miami/2025/11/06/ellimans-michael-liebowitz-sides-guy-gal-on-resi-brokerage/#breadcrumb”,”itemListElement”:[{“@type”:”ListItem”,”position”:1,”name”:”Home”,”item”:”https://therealdeal.com/”},{“@type”:”ListItem”,”position”:2,”name”:”South Florida”,”item”:”https://therealdeal.com/miami/”},{“@type”:”ListItem”,”position”:3,”name”:”What brokers want: Elliman’s Liebowitz, Side’s Gal sound off on resi shakeups”}]},{“@type”:”WebSite”,”@id”:”https://therealdeal.com/#website”,”url”:”https://therealdeal.com/”,”name”:”The Real Deal”,”description”:”Real Estate News”,”publisher”:{“@id”:”https://therealdeal.com/#organization”},”alternateName”:”TRD”,”potentialAction”:[{“@type”:”SearchAction”,”target”:{“@type”:”EntryPoint”,”urlTemplate”:”https://therealdeal.com/?s={search_term_string}”},”query-input”:{“@type”:”PropertyValueSpecification”,”valueRequired”:true,”valueName”:”search_term_string”}}],”inLanguage”:”en-US”},{“@type”:”Organization”,”@id”:”https://therealdeal.com/#organization”,”name”:”The Real Deal”,”alternateName”:”TRD”,”url”:”https://therealdeal.com/”,”logo”:{“@type”:”ImageObject”,”inLanguage”:”en-US”,”@id”:”https://therealdeal.com/#/schema/logo/image/”,”url”:”https://static.therealdeal.com/wp-content/uploads/2017/10/LOGO-VECTOR-TRDsolo.png”,”contentUrl”:”https://static.therealdeal.com/wp-content/uploads/2017/10/LOGO-VECTOR-TRDsolo.png”,”width”:279,”height”:279,”caption”:”The Real Deal”},”image”:{“@id”:”https://therealdeal.com/#/schema/logo/image/”},”sameAs”:[“https://www.facebook.com/therealdealmedia/”,”https://x.com/trdny”,”https://www.instagram.com/therealdeal/”,”https://www.linkedin.com/company/therealdeal/”,”https://www.youtube.com/TheRealDealMagazineNewYork/”,”https://en.wikipedia.org/wiki/The_Real_Deal_magazine”],”description”:”The Real Deal is the leading real estate news outlet read by millions of professionals and investors daily. Widely recognized as the must-read news outlet for breaking news and market analysis of key markets across the U.S. Quantcast ranks The Real Deal as one of the 300 most visited websites in the US, and the #1 website with the wealthiest audience.”,”email”:”[email protected]”,”telephone”:”2122601332″,”legalName”:”Korangy Publishing Inc.”,”foundingDate”:”2003-07-01″,”duns”:”168246549″,”numberOfEmployees”:{“@type”:”QuantitativeValue”,”minValue”:”201″,”maxValue”:”500″}}]}u003c/scriptu003enu003cmeta name=”article:section” content=”South Florida” /u003enu003cmeta name=”article:tag” content=”South Florida,Residential,Anywhere Real Estate,Associa,Century 21,coldwell banker,Compass,Corcoran,Douglas Elliman,National Association of Realtors,Side,Sotheby’s International Realty” /u003enu003cmeta name=”date” content=”2025-11-06″ /u003enu003cmeta name=”keywords” content=”Michael Liebowitz Guy Gal Brokerage” /u003enu003cmeta name=”news_keywords” content=”Michael Liebowitz Guy Gal Brokerage” /u003enu003clink rel=”alternate” type=”application/rss+xml” href=”https://therealdeal.com/miami/feed/” /u003enu003cmeta name=”region” content=”South Florida” /u003enu003clink rel=”alternate” type=”application/rss+xml” href=”https://therealdeal.com/sector/residential/feed/” /u003enu003cmeta name=”sailthru.image.thumb” content=”https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_140847-6581_ALIVE-50×33.jpg” /u003enu003cmeta name=”sailthru.image.full” content=”https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_140847-6581_ALIVE-700×467.jpg” /u003enu003cmeta name=”sailthru.title” content=”What brokers want: Elliman’s Liebowitz, Side’s Gal sound off on resi shakeups” /u003enu003cmeta name=”sailthru.date” content=”2025-11-06″ /u003enu003cmeta name=”sailthru.author” content=”Katherine Kallergis” /u003enu003cmeta name=”sailthru.tags” content=”South Florida,Residential,Anywhere Real Estate,Associa,Century 21,coldwell banker,Compass,Corcoran,Douglas Elliman,National Association of Realtors,Side,Sotheby’s International Realty” /u003enu003cmeta name=”parsely-title” content=”What brokers want: Elliman’s Liebowitz, Side’s Gal sound off on resi shakeups” /u003enu003cmeta name=”parsely-link” content=”https://therealdeal.com/miami/2025/11/06/ellimans-michael-liebowitz-sides-guy-gal-on-resi-brokerage/” /u003enu003cmeta name=”parsely-image-url” content=”https://static.therealdeal.com/wp-content/uploads/2025/11/REALDEALMIAMI2025_1105_140847-6581_ALIVE-300×200.jpg” /u003enu003cmeta name=”parsely-type” content=”post” /u003enu003cmeta name=”parsely-pub-date” content=”2025-11-06T12:30:50-05:00″ /u003enu003cmeta name=”parsely-section” content=”South Florida” /u003enu003cmeta name=”parsely-tags” content=”South Florida,Residential,Anywhere Real Estate,Associa,Century 21,coldwell banker,Compass,Corcoran,Douglas Elliman,National Association of Realtors,Side,Sotheby’s International Realty” /u003enu003cmeta name=”parsely-author” content=”Katherine Kallergis” /u003enu003c!– / Yoast SEO Premium plugin. –u003e”,”__typename”:”PostTypeSEO”},”bylineInformation”:{“authors”:[{“id”:”dXNlcjo0Mw==”,”name”:”Katherine Kallergis”,”uri”:”https://therealdeal.com/author/katherine-kallergis/”,”__typename”:”User”}],”researchers”:null,”__typename”:”BylineInformation”},”markets”:{“nodes”:[{“id”:”dGVybTo5NTc0″,”name”:”South Florida”,”uri”:”https://therealdeal.com/miami/”,”__typename”:”Market”}],”__typename”:”PostToMarketConnection”},”primaryMarket”:{“id”:”dGVybTo5NTc0″,”name”:”South Florida”,”uri”:”https://therealdeal.com/miami/”,”__typename”:”Market”},”sectors”:{“nodes”:[{“id”:”dGVybToyNjUzNA==”,”name”:”Residential”,”uri”:”https://therealdeal.com/sector/residential/”,”__typename”:”Sector”}],”__typename”:”PostToSectorConnection”},”primarySector”:{“id”:”dGVybToyNjUzNA==”,”name”:”Residential”,”uri”:”https://therealdeal.com/sector/residential/”,”__typename”:”Sector”},”tags”:{“nodes”:[{“id”:”dGVybTozODk4Mg==”,”name”:”mergers and acquisitions”,”uri”:”https://therealdeal.com/tag/mergers-and-acquisitions/”,”__typename”:”Tag”}],”__typename”:”PostToTagConnection”},”companies”:{“nodes”:[{“id”:”dGVybToyNjA5NA==”,”name”:”Anywhere Real Estate”,”uri”:”https://therealdeal.com/company/anywhere-real-estate/”,”__typename”:”Company”},{“id”:”dGVybTo0NjgxMA==”,”name”:”Associa”,”uri”:”https://therealdeal.com/company/associa/”,”__typename”:”Company”},{“id”:”dGVybTo0NzI0MQ==”,”name”:”Century 21″,”uri”:”https://therealdeal.com/company/century-21/”,”__typename”:”Company”},{“id”:”dGVybToyNzc1MQ==”,”name”:”coldwell banker”,”uri”:”https://therealdeal.com/company/coldwell-banker/”,”__typename”:”Company”},{“id”:”dGVybToyNjA5NQ==”,”name”:”Compass”,”uri”:”https://therealdeal.com/company/compass/”,”__typename”:”Company”},{“id”:”dGVybToyNzU2OA==”,”name”:”Corcoran”,”uri”:”https://therealdeal.com/company/corcoran/”,”__typename”:”Company”},{“id”:”dGVybToxMDIzNw==”,”name”:”Douglas Elliman”,”uri”:”https://therealdeal.com/company/douglas-elliman/”,”__typename”:”Company”},{“id”:”dGVybToyODQ4MQ==”,”name”:”National Association of Realtors”,”uri”:”https://therealdeal.com/company/national-association-of-realtors/”,”__typename”:”Company”},{“id”:”dGVybToyNjU1OQ==”,”name”:”Side”,”uri”:”https://therealdeal.com/company/side/”,”__typename”:”Company”},{“id”:”dGVybToyODk0OQ==”,”name”:”Sotheby’s International Realty”,”uri”:”https://therealdeal.com/company/sothebys-international-realty/”,”__typename”:”Company”}],”__typename”:”PostToCompanyConnection”},”people”:{“nodes”:[{“id”:”dGVybToyNjU2MA==”,”name”:”Guy Gal”,”uri”:”https://therealdeal.com/people/guy-gal/”,”__typename”:”Person”},{“id”:”dGVybTo1MTA4MQ==”,”name”:”Michael Liebowitz”,”uri”:”https://therealdeal.com/people/michael-liebowitz/”,”__typename”:”Person”},{“id”:”dGVybTo1Nzc3OQ==”,”name”:”Zohran Mamdani”,”uri”:”https://therealdeal.com/people/zohran-mamdani/”,”__typename”:”Person”}],”__typename”:”PostToPersonConnection”},”storyTypes”:{“nodes”:[{“name”:”News”,”__typename”:”StoryType”}],”__typename”:”PostToStoryTypeConnection”}}},”__N_SSG”:true},”page”:”/[firstLevel]/[secondLevel]/[thirdLevel]/[fourthLevel]/[fifthLevel]”,”query”:{“firstLevel”:”miami”,”secondLevel”:”2025″,”thirdLevel”:”11″,”fourthLevel”:”06″,”fifthLevel”:”ellimans-michael-liebowitz-sides-guy-gal-on-resi-brokerage”},”buildId”:”trd-news-25.11.03+225.1″,”isFallback”:false,”isExperimentalCompile”:false,”gsp”:true,”scriptLoader”:[{“async”:true,”defer”:true,”strategy”:”afterInteractive”,”src”:”https://www.queryly.com/js/queryly.v4.min.js”},{“async”:true,”defer”:true,”strategy”:”lazyOnload”,”src”:”https://www.queryly.com/js/therealdeal-advanced-search.js”},{“async”:true,”defer”:true,”strategy”:”lazyOnload”,”src”:”https://connect.facebook.net/en_US/sdk.js”}]}
Miami market relevance
If this topic impacts buyers or sellers, the most useful context is what is happening locally. Track current pricing, inventory, and days on market in Miami, and compare active listings by building or neighborhood before making decisions.
Browse current Miami listings or request a tailored report.
The CEOs discussed the impact of the Anywhere-Compass merger, commission payments, and agent empowerment. They also touched on labor law issues in New York and the National Association of Realtors’ handling of class action litigation.
FAQ: Ellimans Michael Liebowitz Sides
What should be planned first?
Start with the goal, audience, and deliverables so the final content and media support the same outcome.
Need help implementing this workflow? Contact Miami Real Estate Insights & Market Trends to plan a practical content and media process.
Talk to a Brickell Specialist
Need help comparing Brickell condos, timing a Miami move, or evaluating a new-construction opportunity? Speak with the Brickell Sold team.
