Exhibit,Appendix: Pamela Goldstein, Ellyn Berk, Tony Berk, Paul Benjamin v. Houlihan/Lawrence Inc.

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                                FILED: WESTCHESTER COUNTY CLERK 04/22/2024 11:45 PM      INDEX NO. 60767/2018
NYSCEF DOC. NO. 1916                              RECEIVED NYSCEF: 04/22/2024




                 EXHIBIT 43
 FILED: WESTCHESTER COUNTY CLERK 04/22/2024 11:45 PM                                                       INDEX NO. 60767/2018
 NYSCEF DOC. NO. 1916                                                                             RECEIVED NYSCEF: 04/22/2024




               From: Arlt, Lewis
               Sent: Fri 5/09/2014 2:28 PM (GMT-04:00)
               To:      Dalton, Debra
               Cc:
               Bcc:
               Subject: in-house bonus



               Hi Debbie,
               I'm working on the meeting report for our managers.

               It occurs to me to confess that I've never been a big fan of the in-house bonus. Despite the argument
               that it is an understandable reward for a job well-done, and the in-house nature of it is pure coincidence
               and simply a function of our large market share, there is no avoiding the perception from an objective
               observer that this is an incentive for agents to push in-house deals. And while working with two HL
               agents may in fact help a deal go smoothly because HL agents are generally better and clients benefits
               from our existing relationships, there is a self-serving elephant in the room, that clearly compromises
               our fiduciary obligation to place clients' interests above our own. If we start revealing to sellers and
               buyers that agents get paid more if they do an in-house deal, I think we open a dangerous can of
               worms. As heretical as it sounds, I think it could be more risky than simply eliminating the in-house
               bonus as a practice.

               Is there way these monies can be uncoupled from the individual deal, and restructured similar to
               quarterly bonuses? We'd look at overall production and reward it whether it comes from in-house deals
               or not.

               When the Fee agents first arrived here on 2007, I grappled with Joan, Irene, and others for always
               including deal emails to the office which read, "AO, in-house," or "AO, out of office." The clear
               unspoken message was, if it was in-house, "stay away from my deal;" or if it was out of office, the
               message was "bring your buyers and bump this deal if you can." They would argue that market share
               was the only motivating factor, but there's no mistaking what their perception of the in-house deal
               was. They all still do it regularly.

               Maybe we just lay low and hope this issue doesn't flare. But if we have to print in-house bonus alerts in
               our ERSs and ERRs, yikes, I'm afraid we'll invite some very awkward conversations.

               Just saying ...

               Lewis Arlt
               Licensed Real Estate Associate Broker
               Brokerage Manager
               Houlihan Lawrence
               32 Popham Road
               Scarsdale, NY 10583
               Office 914-723-8877
               Cell 914-309-5766




CONFIDENTIAL                                                                                                                HL00150293