were convicted of sex trafficking<\/a>.<\/p>\n\u201cThe case of the Alexander brothers sent media shockwaves through the industry in South Florida,\u201d Kallergis said. <\/p>\n
She spoke recently about the impact the convictions of the brothers will have on the South Florida real estate market. <\/p>\n
\u201cThey brokered deals to the 1% of people, they were involved in some of the splashiest, record sales from Miami Beach to Indian Creek, so people knew them,\u201d she said. \u201cThey lived the lifestyle of their clients. A lot of people followed them, followed their deals and their activities, so it was just a huge deal when they fell out of the market, and when they were arrested and taken into custody, that opened up opportunities for other agents to come in and absorb that business.\u201d<\/p>\n
As Kallergis explained, from the time of their arrest to Monday\u2019s conviction in New York, many in the real estate industry were keeping close tabs on the Alexander brothers\u2019 case. <\/p>\n
\u201cWhile the trial has been going on, top brokers and executives from South Florida have been tuned in there,\u201d she said. \u201cThey\u2019ve been following the daily coverage of the trial. They\u2019ve been captured by it, and waiting to see what the outcome would be.\u201d<\/p>\n
Additionally, she said that there are more potential victims out there who are starting to come forward. <\/p>\n
\u201cA lot of people have reached out and said that people in their office were allegedly assaulted by one or more of the brothers,\u201d Kallergis said. \u201cThey have their own stories to tell. So that\u2019s what\u2019s been playing out during the trial.\u201d<\/p>\n
It will be interesting to see how the South Florida real estate industry will move forward now that there will potentially be hundreds of millions of dollars in sales that will be able to go to other agents. <\/p>\n
\u201cWhen somebody like that is no longer in the market, their competitors step in and absorb that business,\u201d said Kallergis. \u201cThey pick up their clients, they handle deals that one of the brothers would have been involved in had they not been arrested in federal custody. So it resulted in other top agents picking up their clients and their business and their listings.\u201d<\/p>\n
Ultimately, there is hope that the arrest and conviction of the Alexander brothers brings upon some positive changes after bringing attention to some dark corners of the trade. <\/p>\n
\u201cI think that this helped shine a light on bad behavior in the industry,\u201d said Kallergis. \u201cI think that there are agents who felt like they couldn\u2019t speak up because they weren\u2019t in a position of power and they were vulnerable, so I think it sends a message that this behavior, which went on for so long, may not be tolerated. I think it forces agents and people in positions of power, of people who are highly ranked, to take a more serious look at any sort of allegations of bad behavior.\u201d<\/p>\n
\ud83c\udfe0 News From Your Neighborhood<\/p>\n
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