Jared Schwadron leaves Official Partners for Compass

A top luxury agent in New York City has left Official partners. Compass announced the hiring of Jared Schwadron this week, poaching him from the troubled brokerage founded by Tal and Oren Alexander.

Schwadron has generated more than $1 billion in sales during a 15-year career that included stops in New York City, Miami and the Hamptons. In addition to official partners, he has collaborated before Douglas Elliman And The Corcoran Group.

“This move is about leveraging my resources and tenure in the industry to build a dynamic team of my own,” Schwadron said in a statement. “Compass has set new standards with their technology and market reach, and I’m excited to be part of that continued evolution.”

The official has been under duress since March when two women filed lawsuits against Oren and his brother Alon Alexander, accusing them of rape and sexual assault. A third woman filed a similar lawsuit in July, this time also naming Tal as a defendant.

According to The real deal, At least 28 other alleged victims have contacted plaintiff’s attorneys with allegations of rape and assault. Numerous business partners and agents of Official have since severed ties.

For Compass, the addition is another step in its search for a 30% market share in 30 of the largest US markets. During its second-quarter 2024 earnings call, CEO Robert Reffkin said the brokerage’s national market share reached 5.13% and it turned a profit for the first time as a publicly traded company.

Compass has not disclosed which 30 markets it is targeting, but it is likely that New York City is one of them.

“We are excited to welcome Jared to Compass,” Reffkin said in a statement. “His deep industry and market knowledge and ability to build lasting client relationships will thrive in our collaborative environment.”