Real-Estate Magnate Deals with Criticism on Proposed Deal

Nicholas Schorsch, whose multibillion-dollar real-estate empire was rocked by an accounting scandal 2 years earlier, has actually come under fire from an independent director who resigned from among the companies Mr. Schorsch manages because he believed it struggled with a conflict of interest and was failing to act in the very best interest of investors.

Robert Froehlich, whose background consists of about three years in the asset-management market for firms consisting of Deutsche Bank AG, resigned last month from the board of Realty Finance Trust Inc., a real-estate company managed by Mr. Schorsch’s company, AR Global.



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Real estate CEO Angus Raine on highs and lows of Sydney property

Standing in the manicured back garden of his Darling Point home, the fourth-generation property executive recalls his hopscotch climb through Sydney s property market, a journey he says lots of homebuyers have actually forgotten.


As a 19-year-old in the late 1980’s he bought and moved into a shabby balcony tucked behind Edgecliff Station, and on to a string of terraces and bungalows before 2006, when his spouse, Tash, spied a classy 60’s Darling Point home up for sale on her school run. We called it the property ladder, but that’s a term that’s totally gone out of the vernacular nowadays, says Raine, now president of Raine and Horne.



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Real estate sale influences Highland Park graduate to open Door, try flat-fee technique

Would you lose your home with a fledgling realty company if it would save you thousands of dollars in sales commissions.


Alex Doubet is betting you will.


The 28-year-old Harvard grad plans to upend the method individuals buy and sell their houses. And he’s apt to stir up a hornet s nest in the process. Six months back, Doubet launched Door LLC, a full-service brokerage that charges a flat $5,000 commission for either side of a home sale, compared with the 6 percent normally charged by Realtors to sell a house.



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