CRE Broker Conflicts of Interest | Preylock Park Avenue Plaza

My Broker's Keeper & Preylock's NYC Prey

Park Ave Plaza chatter, more agency licenses in play, plus: testing the fiduciary

Hiten Samtani

Hiten Samtani

Feb 27, 2026

My Broker’s Keeper

Who is a broker really a fiduciary for?

A trio of intriguing broker-drama stories in NYC that are worth looking at collectively. First, it’s unclear what someone slipped into Bob Knakal’s 🥃 on NYE, but he’s entered ‘26 in a spicy mood: Armed w/ the August pages of CO, he’s showing a willingness to call out his big-box counterparts; first characterizing the large firms’ touting of their global footprint advantage as “largely fiction,” and now taking aim at what he claims are the inherent conflicts of interest in being a full-service shop, i.e. one that not only sells properties, but provides leasing/financing/PM/etc. “When a development site or investment property trades, the sales commission is often the smallest economic component