Top NYC Team Leaves Compass For New Side Venture

Key Takeaways:

– The Belisario Cruz Reyn Team, a real estate team based in New York City, is branching off from Compass and starting its own firm under the white labeling brokerage, Side.
– Nearly every member of the team has followed Louis Belisario and Joe Cruz to launch Revived Residential and Revived Commercial.
– The team was fourth overall on the list of New York’s real estate teams with over 20 agents, with $155 million in sales volume.
– The team leaders felt that their brand and reputation were strong enough to start their own venture and no longer needed the leverage of a big box brand like Compass.
– Side will act as the broker of record for Revived Residential and Revived Commercial, with Belisario and Cruz as the broker-owners.
– The team is excited about the new venture and believes they have the know-how to succeed on their own.

inman:

As the Belisario Cruz Reyn Team, the group was fourth overall on the list of New York’s real estate teams with over 20 agents, with $155 million in sales volume.

Mark your calendars for the ultimate real estate experiences with Inman’s upcoming events! Dive into the future at Connect Miami, immerse in luxury at Luxury Connect, and converge with industry leaders at Inman Connect Las Vegas. Discover more and join the industry’s best at inman.com/events.

One of New York City’s top-producing teams grew big enough during its time with Compass that it’s branching off and starting its own firm under the white labeling brokerage, Side.

Nearly every member of the team followed Louis Belisario and Joe Cruz to launch Revived Residential and Revived Commercial, Cruz and Belisario told Inman on Friday.

As the Belisario Cruz Reyn Team, the group was fourth overall on the list of New York’s real estate teams with over 20 agents, according to RealTrends, with $155 million in sales volume. The team leaders said in an interview they had grown big enough under the Compass brand that they were ready to strike out on their own.

“We felt that our brand and our reputation was strong enough in the industry to take this venture on and kind of run it ourselves,” Belisario said. “At Compass, you’re kind of in a big box brand, which is great, [but] we felt that our names and reputation at this point in our career, we didn’t need that to leverage business anymore.”

Belisario, Cruz and their team had been with Compass since 2018. Cruz said the team was No. 1 for volume in Brooklyn. All but one member — who Belisario said had been with Compass long before joining his team — left Compass with Belisario and Cruz.

“The vote of confidence on that was the most meaningful part of our move,” Belisario said.

“The risk is obviously there, but the excitement and the positivity is really what we’re focusing on,” he added. “We have the know-how to do it. We are totally excited about it.”

Belisario and Cruz made the announcement in an Instagram post on Thursday, which was also announced via a New York City newswire. 

Side will act as the broker of record for Revived Residential and Revived Commercial, and Belisario and Cruz are the broker-owners.

“Now we actually have ownership of our own team,” Cruz said. “We were already basically running our own business. Now we own it.”

“We have our own brand now and we feel the Side platform still gives us the ability to have ownership, run and operate our business, but have all the tech that we need in this era,” Cruz added.

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Property Chomp's Take:

The Belisario Cruz Reyn Team, one of New York City's top-producing real estate teams, is branching off from Compass and starting its own firm under the white labeling brokerage, Side. The team, consisting of over 20 agents, had a sales volume of $155 million, earning them the fourth spot on the list of New York's real estate teams.

Louis Belisario and Joe Cruz, the leaders of the team, announced the launch of their new firm, Revived Residential and Revived Commercial, on Thursday. Nearly every member of the team decided to follow Belisario and Cruz to their new venture, demonstrating their confidence in the leaders and their vision for the future.

Belisario and Cruz felt that their brand and reputation in the industry were strong enough to venture out on their own. They believed that they no longer needed to leverage business through a big box brand like Compass and that they had the know-how and expertise to run their own business successfully.

With Side acting as the broker of record, Belisario and Cruz now have ownership of their own team. They are excited about the opportunity to have more control over their brand and operations while still benefiting from the tech and resources provided by Side.

The move to start their own firm is not without risks, but Belisario and Cruz are focusing on the excitement and positivity surrounding their new venture. They are confident in their abilities and are ready to take on this new chapter in their careers.

The announcement of their new firm was made through an Instagram post and a New York City newswire. Belisario and Cruz are looking forward to this new phase of their careers and are excited about the possibilities that lie ahead.

If you're interested in learning more about the real estate industry and connecting with industry leaders, be sure to mark your calendars for Inman's upcoming events. Whether you want to dive into the future at Connect Miami, immerse yourself in luxury at Luxury Connect, or converge with industry leaders at Inman Connect Las Vegas, these events are the ultimate real estate experiences. Discover more and join the industry's best at inman.com/events.

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