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Compass poached brokers with bait-and-switch, ex-agent alleges

first_imgShare on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink Share via Shortlink Rober Reffkin and J. Gregory Maffei (Getty, Linkedin, iStock)A former Compass agent has accused the New York brokerage of using “bait-and-switch” tactics to lure him and other agents from competitors.In a lawsuit filed in California last week, J. Gregory Maffei alleged Compass utilizes “unfair, unlawful and fraudulent business practices” designed to gain market share by recruiting agents with an “empty promise.”The complaint, which seeks class-action status, demands $10 million in damages and reimbursement for unpaid commission and expenses.By including Maffei’s contract, the suit further pulls back the curtain on Compass’ recruiting tactics, which have been the subject of other lawsuits from competing firms, including Realogy.Maffei’s suit claims Compass has leveraged “more than $1 billion in funding from venture capitalists to support its ‘bait-and-switch’ tactics and to account for the losses Compass has incurred by overpaying and poaching its competitors’ real estate agents.” The filing was first reported by Inman.According to the suit, Maffei joined Compass last year after 14 years at RE/MAX Estate Properties in Los Angeles.Compass offered an “amazing compensation package,” including a $16,800 signing bonus, 90 percent split and a $49,000 “launch” marketing budget to get Maffei up and running, the suit claimed. It also promised restricted stock units.Maffei claimed Compass didn’t tell him he’d receive restricted stock in the company, not common stock. Restricted stock units are subject to vesting and other restrictions.Since 2018, Compass has allowed agents to invest commission payments into company stock, which agents hope will be valuable once the company goes public. Having raised $1.5 billion from investors, including SoftBank, Compass hired bookrunners last year to lay the groundwork for a potential IPO.But Maffei alleged the model is nothing more than an “unlawful Ponzi scheme or a get-rich-quick scheme,” the complaint read. “Compass’ agents were pressured to give up hard-earned money to invest in Compass.”According to the complaint, Compass also breached agents’ independent contractor agreements, in part by exercising a level of control of agents that should warrant employee status. It also paid out commissions based on a net commission number that includes deductions for expenses. And it engages in price-fixing by collecting its share of earned commission “based on the industry standard of 5 percent,” even if the seller and agent negotiated a lower amount.Compass didn’t immediately respond to a request for comment. [Inman] — E.B. Solomont and Orion JonesRead moreCompass re-ups agent equity program ahead of IPO Why Compass wants to go public now The definitive guide to the Compass C-suite center_img TagscompassReal Estate Lawsuitssoftbanklast_img read more

20th Sheehan Classic in Red Bank to be Held June 15

first_imgRED BANK – The 20th anniversary 2013 George Sheehan Classic with its popular 5K (3.1 mile) distance as its main event, is set for 8:30 a.m. Saturday, June 15.More than 2,500 runners are expected to participate in what is known as one of the Jersey Shore’s most renowned road races. Preregistration is still available, and the 5K is filling up quickly. The race is limited to 3,000 entrants.The race committee has had a great deal of community feedback over the years that running 5 miles was just a little too long for the everyday runner, and that sometimes the heat in June can be a factor. In response, it was decided last year that the 5K distance is the right match for the entire family to participate, either by racing or walking the scenic course.This year will be the 20th running of the event in Red Bank. The George Sheehan Classic began in 1981 as the Asbury Park 10K Classic and quickly became one of the major road running events on the national calendar. The race moved to Red Bank in 1994 and was renamed to honor the memory of Dr. George Sheehan, the prominent author, philosopher and area physician. “The Doc” has been called the “father of the running boom” in the United States.The Sheehan family is planning a release of a new book of his life’s work next year to commemorate the 20th year of his passing.As part of the Sheehan Classic, the Friday evening Kids’ Classic will be held at 6:30 p.m. June 14. It’s a series of children’s races of various distances – from toddler to age 13. Kids will be treated to face painting, characters and treats from area establishments like Smoothie King and Sugarush. Free entertainment will accompany the kids’ races at the Runner’s Expo Village, on the banks of the Navesink. The expo is open from 2 to 8:30 p.m.The main race will be held at 8:30 a.m. Saturday, June 15. Event finishers enjoy a picnic breakfast in the park, followed by a popular post-race block party at 10:30 with music and an awards ceremony.More than $2,500 in prize money will be distributed in the 5- kilometer run to top five overall finishers, top New Jersey finishers and age-category winners.The race is part of the Jersey Shore Golden Grand Prix, sponsored by McLoone’s. It’s a series of races that offers prize money to overall and age category winners. The five events are: Spring Lake 5, George Sheehan Classic, Belmar 5, Asbury Park 5K and Pier House 5K.For Sheehan Classic information and registration, call the event hotline 732-571-2162 or check the website at www.sheehanclassic.org.last_img read more

Mount Sentinel Wildcat grab silver at Vernon tourney

first_imgThe Mount Sentinel Wildcats climbed into the top-10 rankings of BC High School A Boy’s Volleyball after finishing second at the Vernon Christian Invitational Tournament this past weekend in the Central Okanagan City. Mount Sentinel lost out in the final to Cedars Christian from Prince George.The Cats were led by allstars Thomas Verigin and Johnny Johnson.Mount Sentinel finished first in round-robin play on Friday before ousting Kelowna Christian in the semi-final to advance to the championship contest.last_img


first_imgClub members, family and friends are encouraged to enter the Azzurri Sport Quiz Competition on Facebook and help win a team kit for our Under 14 footballers. The closing date is Monday December 31st so enter now and keep us ahead in the race for 1st place. The €50 winners in the Annual Lotto for Week 24 were Aaron Mc Gettigan, Revlin and Paddy Regan, c/o Dom’s Pier 1. The numbers drawn were 6, 13, 2 & 24 with the jackpot now standing at €3,500.  The Senior Board AGM takes place this Friday night December 28th at 8.00 pm sharp in Dom’s Pier 1. Everybody welcome. The nominations received can now be viewed on the club website. The Annual Dinner & Presentation of Club Awards for 2012 will take place in Dom’s Pier 1 on Friday January 18th. Tickets are now on sale priced @ €25.00 from Dom’s Pier 1, Sean Dunnion, Maeve Espey, Paul Timoney & Mickey Martin. Admission is by ticket only so please purchase now well in advance as tickets are limited. Music by Free Whiskey. GAA NEWS: FOUR MASTERS CLUB NOTES was last modified: December 24th, 2012 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:Four Masters club noteslast_img read more

West Ham not too good to go down according to star man

first_img smart causal shining Where Ancelotti ranks with every Premier League boss for trophies won no dice Latest Premier League News Zabaleta has been unable to stop the Hammers from shipping 10 goals in just four games REVEALED 2 huge blow How the Premier League table could change after the Boxing Day fixtures Oxlade-Chamberlain suffers another setback as Klopp confirms serious injury “You trust in the way he works because of the teams he has worked with before,” he added.“The thing for Manuel is that for the first time maybe he doesn’t have the same quality in the team like he has before.“So maybe it will take more time than at other clubs for him to get everything right. silverware possible standings Cardiff City – 4/11Huddersfield Town – 8/13Burnley – 6/4West Ham United – 5/2center_img England’s most successful clubs of the past decade, according to trophies won 2 Pellegrini and Zabaleta worked extensively together at Manchester City Every current Premier League club’s best kit from the past decade REVEALED Premier League Team of the Season so far, including Liverpool and Leicester stars Pablo Zabaleta has warned his West Ham United teammates they are not too good to go down after their disastrous start to the Premier League season.The Hammers are the only side in England’s top four divisions to not have a single point – leaving them rooted to the bottom of the Premier League table. Which teams do the best on Boxing Day in the Premier League era? In 2003, West Ham were relegated with a record 42 points – despite having a side containing Paolo Di Canio, Jermain Defoe, Joe Cole, David James, Michael Carrick and Trevor Sinclair.However, Zabaleta (who worked extensively with Manuel Pellegrini at Manchester City) believes the Premier League winner is the right man to turn things around. Son ban confirmed as Tottenham fail with appeal to overturn red card PREMIER LEAGUE RELEGATION ODDS – COURTESY OF LADBROKES New boss Manuel Pellegrini spent over £100million on gifted players from across Europe, but the influx of new talent has failed to make any sort of impact.Speaking exclusively to SunSport, Zabaleta stressed the importance of the new signings working for each other and showing some fight.He said: “We have seen good teams going down before so we must fight.“We know we have the quality in the team but the players need to put in good performances.” “At Manchester City there was so much quality, we won games easily. Here it is not the same.“But he’s a great man, a good manager and will try to find the best way to get the results.”last_img read more


first_imgThis weekend once again sees the staging of the Peadar O’Donnell Weekend in Dungloe.The event, which is now in its thirteenth year, has a been a great success through those years and the 2013 event which will run from Friday 18th October to Sunday 20th October in Ionad Teampaill Chroine Library, Dungloe, is expected to be as popular as ever.This years theme will be ‘Ireland 2013 – Two Failed States?’ with a series of discussions, debates on the subject and will also see tours as well entertainment featuring music and readings befitting the memory of the man who the weekend commemorates. Peadar O’Donnell was a native of the Rosses, born in 1893 and following his training in Dublin as a teacher, he took a teaching post on Arranmore Island.An accomplished writer and poet, O’Donnell was also a political radical and committed socialist and joined the Irish Republican Army and went on to become a member of its executive army council in 1924. He was also a founding member of the Republican Congress. He passed away in 1986 having spent a lifetime involved in political activism and having many of his books and writings published.One of the organisers of the 2013 Peadar O’Donnell Weekend, Micheál Cholm Mac Giolla Easbuig explained the title theme and said that more than ever people would be taking part in the weekends discussions considering the state of the county’s economy.“This year the theme will be looking at the issue of the failure of the states both north and south” Mr Mac Giolla Easbuig said. “Currently we have massive unemployment and emigration in Ireland due to the failed economy and the influence the IMF and ECB have on our country and we still have a portion of the north of Ireland under the control of a imperialist British government. Both situations have led to what can only be described as failed states and the reasons for it happening would have been something Peadar O’Donnell would have been actively opposed to.“So we will be discussing the failed stated issue along with other interesting subjects such as the kind of Ireland we would like to see and the life of Peadar O’Donnell, with speakers such as John Douglas, General Sec. of Mandate, journalist Jim Campbell, activist and author Tommy McKearney with other leading academics, authors and politicians such as Mary Cullen, Pam Brighton, Angela Nelson, Bill O’Brien and Jennifer McCann discussing other topics.“Another interesting talk will be given by Cllr Angela Nelson and Mandy Duffy on internment and human rights abuses, one close to the memory of Peadar O’Donnell as he himself was once a political prisoner. Bill O’Brien and Rev.David Frazer will also discuss ‘The Alternative Ulster Covenant – pages from our hidden history’.There will also be a book fair, a book launch, a historical walking tour of the area and musical and recital evenings with artists such as Jinx Lennon, Kevin Glackin and Aussie Bryson. So there will be something for all tastes over the weekend and given its the 120th anniversary of Peadar O’Donnell’s birth it would be great to see as many local people out along with those who travel to the area to enjoy the events. The weekend brings a great boost to the local area and we look forward to seeing many new faces joining us and taking part.”The weekend will begin at 8pm in Ionad Teampaill Chroine, Dungloe, this Friday and more information on the weekends events can be read at www.peadarodonnell.com. PEADAR O’DONNELL WEEKEND TO BE A HOTBED OF DEBATE AND DISCUSSION was last modified: October 17th, 2013 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:dungloePeadar O’Donnell Weekendrosseslast_img read more

Hippos and Crested Cranes intensify preparations

first_img Tags: adfcon u-20cecafacrested cranesfaridah bulegaHipposmatia lulusteven mukwala Hippos have started preparing for the match against CameroonThe Uganda U-20 and Women national teams have kick started their preparations for the upcoming AFCON qualifiers and CECAFA championships respectively.The Hippos who are preparing for their second round of qualification first leg against Cameroon are currently training at the StarTimes Stadium in Lugogo.The first sessions have seen a low turn up as most of the players are currently with their respective clubs and others still with schools preparing for the upcoming Copa Coca-Cola tournament.“We have had nice sessions but still missing several players due to different commitments, said Hippos head coach Matia Lule.“I expect most of them to be available by Saturday so as we resume normally.The Hippos will be returning to action next Sunday when they host Cameroon at Lugogo.Uganda defeated South Sudan 8-1 on aggregate including a 5-1 drubbing of the young Bright Stars, at Lugogo in the first leg to progress to the first round of qualification.Also read: Hippos hit 5 past South SudanTheir opponents Cameroon got a ‘By’ to get to this round and it remains to be seen whether the West African’s lack of competitiveness will play into the favor of the Hippos.Hippos striker Steven Mukwala who plays for Azam Uganda Premier League leaders Vipers SC is the top score for the qualifiers with three goals so far.Steven Mukwala is the top score in the qualifiersFor the National women’s football team, the Crested Cranes, they kicked off  preparations yesterday for the CECAFA Women Championship due in Rwanda.The Crested Cranes who have just been eliminated from the qualifiers of the AFCON tournament by Kenya last month, will take part in the regional championships that start on 12th of May.Also read: Crested Cranes are just a few years from AFCON qualification, says head coach Faridah BulegaThey are currently training at Namboole and having double sessions under head coach Faridah Bulega.“I’m missing eight of my players because of the academic engagements, said Bulega after Tuesday’s evening training session.“I received communications from them and I allowed them time to concentrate as i will receive them straight after.Crested Cranes during training at NambooleUganda finished fourth in the last edition which was hosted in Jinja.The Crested Cranes players who attended the double session on Tuesday:Goalkeepers: Nakazilo Daisy (Muteesa I Royal University), Namakula Gloria (Ajax Queens), Nakiguba Cissy (Kampala Queens), Ruth Aturo, (UCU Lady Cardinals)Defenders: Namudu Viola (She Mak), Namukisa Aisha (Kampala Queens), Nabisaalu Bridget ((Ajax Queens)Midfielders: Reticia Nabossa (Gokelum Kelara) ,Phiona Nabbumba (Ajax Queens), Tracy Akiror Jones (Kawempe Muslim), Winnie Babirye (Kampala Queens), Mutuzo Lilian (Taggy HS) ,Shakira Mutiibwa(Gafford Ladie), Sheebah Zalwango (Gafford ladies).Strikers:Hasifah Nassuna (UCU Lady Cardinals), Meble Kusasira (Kampala Queens), Fazila Ikwaput (Gokelum Kelara), Favour Nambatya,(Muteesa I Royal University), Resty Nanziri (Taggy HS),Zainah  Namuleme (Kampala Queens).Comments last_img read more

SA scores at World Travel Awards

first_img17 October 2012 South Africa enjoyed a big share of the spoils in the 2012 World Travel Awards for Africa, winning 32 awards out of a total 57 categories, including leading African airport, beach destination, family resort, city hotel, conference venue, safari lodge and spa resort. First held in 1994, the World Travel Awards have grown in prestige to become known as “the Oscars” of the tourism industry, with travel agencies, tour and transport companies and tourism organisations across the world voting annually for the winners. The results for Africa were announced last month. Hotels and resorts South Africa’s hotels and resorts were strong performers in this year’s awards. Among the resorts, South Africa’s winners were Sun City (in the family resorts category), Palace of the Lost City (casino resorts), the Arabella Hotel & Spa (spa resorts), and the Legend Golf & Safari Resort (sports resorts). Winners among the hotels were the Sandton Sun (in both the business hotels and city hotels categories), Saxon Boutique Hotel, Villas & Spa (boutique hotels and luxury hotels), The Regent (apartment hotels), the Phantom Forest Eco-Reserve (green hotels), and the No 5 Boutique Art Hotel (town house hotels), while Durban’s International Convention Centre was named Africa’s leading conference centre.Wildlife and wilderness tourism Closer to the wild, South Africa’s Shamwari Game Reserve (in both the safari lodges and the conservation companies categories), Thanda Private Game Reserve (luxury game reserves), and Shambala Private Reserve (luxury lodges) all ran out winners. The country also scored well for responsible tourism, with &Beyond being named leading responsible tourism company as well as leading game reserve brand, and Fish Eagle Safaris winning Africa’s Responsible Tourism Award. Fairmont Zimbali was named Africa’s leading tourism development project.Airlines, airports, travel agents South African Airways was named Africa’s leading airline as well as leading airline economy class, and 1time Africa’s leading low-cost airline, while Johannesburg’s OR Tambo International was voted the leading airport, Durban the leading port, and the Blue Train the leading luxury train on the continent. South African tourism operators also fared well, with Club Travel (travel agencies), Travel with Flair (business travel agencies as well as travel management companies), and Flightsite.co.za (online travel companies) all winning in their categories.Africa’s Leading Destination While Cape Town was voted Africa’s leading beach destination, the coveted “Africa’s Leading Destination” award went this year to the ancient medina of Marrakech in Morocco – which saw off competition from Cape Town and the Kruger National Park, as well as Mount Kilimanjaro in Tanzania and the Kalahari Desert in Namibia. SAinfo reporterlast_img read more

Cape Town in Lonely Planet’s top three

first_img31 October 2013Cape Town is one of the three best cities in the world to visit, according to travel publisher Lonely Planet.The list, published in Lonely Planet’s Best in Travel 2014 guide released this week, is headed by Paris and Trinidad. Cape Town, in third position, is ahead of other global centres such as Zurich, Shanghai, Chicago and Auckland.Cape Town was chosen for its newly acquired status as the world’s design capital: “There’s never a bad time to visit Cape Town,” Lonely Planet declares. “In recent years the city has received a deluge of accolades paying homage to its undeniable natural beauty. This year the city is destined to get even prettier as it takes on the title of World Design Capital for 12 inspirational months.”The guide goes on to say: “Expect sculpture-lined green spaces, sustainable projects, and further regeneration of former industrial districts such as Woodstock and The Fringe, now the stamping ground of trendy shoppers and gourmands.”Bridging the gapBut the guide acknowledges that the work of the design team goes beyond making things look pretty: “The main goal of the design team, though, is to bridge the gap between Cape Town’s disparate population, so venture on a tour out of town to see how innovation is turning things around in the disadvantaged townships, then explore suburban sights on the swanky bus system that’s finally making Cape Town feasible on public transport.”The book also lists the top countries to visit – Brazil is No 1, with Malawi as the only African country, coming in at No 5.Malawi, described as home of “the Big Five and beach life without the crowds”, was also commended to tourists for high-visibility snorkelling in Lake Malawi, hiking “over hazy peaks in an otherworldly moonscape” at Mount Mulanje and the “haunting wilderness of grasslands and whaleback hills” of the Viphya Plateau.The Greek Islands have been named as the best-value destination for 2014, with Italy’s Heel and Nicaragua in second and third position. Ethiopia, at 10, is “one slice of Africa that rewards the curious as well as the deep-pocketed”.Top 10 citiesParis, FranceTrinidad, CubaCape Town, South AfricaRiga, LatviaZurich, SwitzerlandShanghai, ChinaVancouver, CanadaChicago, USAAdelaide, AustraliaAuckland, New ZealandTop 10 countriesBrazilAntarcticaScotlandSwedenMalawiMexicoSeychellesBelgiumMacedoniaMalaysiaSAinfo reporterlast_img read more

Google Earth’s iPhone App Lets You Track and View Your Adventures

first_imgdana oshiro A Web Developer’s New Best Friend is the AI Wai… If you’re an adventure seeker with a penchant for storytelling you’ll be happy to hear that Google is giving you the visuals you need to illustrate your tales of bravery. In a blog post written by Google Earth Product Manager Peter Birch, the company has updated its iPhone application. While we’ve always been big fans of the Google Earth desktop version, the company released its iPhone app in 2008 with new attention to the mobile accelerometer and touch features of the iPhone. Users pinched, tapped and tilted their way to stunning satellite views of mountain ranges and far away terrain. The application update builds on these features but adds a touch of the personal. Related Posts Top Reasons to Go With Managed WordPress Hosting Tags:#Apple#Google#web Google Earth for iPhone now offers users a chance to view their customized maps in the iPhone app. Rather than just offering standard maps, users save their pre-existing maps or favorites in the “My Maps” folder and the files are automatically synced to the device. One great feature of this release is the fact that users can track their travels via a GPS device and save the results as a KML file to be viewed in the application at a later time. The example given is a look at the route taken to climb a mountain; however, the same tool can be used to track marathons, sailing regatas, road trips and basic travel. For information on how to convert GPS data into Google Earth, users can visit Google’s KML Support Section. If you haven’t already downloaded the application, you can do so here. Why Tech Companies Need Simpler Terms of Servic… 8 Best WordPress Hosting Solutions on the Marketlast_img read more