Ryan bets a Chelsea loft commission on a ping-pong match, then goes costume shopping for a big open house in NOHO. While Steve's girlfriend, Luiza, settles into their new home together, he helps a successful high school buddy try and buy an apartment of his own. Meanwhile, Fredrik thinks his Crosby listing's massive terrace could be perfect for trained pets, so he invites over a great dane, a parrot, and a Steve Gold for viewings. And a new up-and-coming agent, Tyler, joins the crew, re-inventing himself....along with the entire New York City real estate market.

Fredrik hustles to get offers during his disco-themed open house on Charlton St., but the party gets real funky when Ryan arrives for a dance-off. Steve takes a novel approach to selling by hosting a book-launch open house at his new building for artists. Meanwhile, Tyler goes head-to-head with Ryan for an expensive listing on Laight Street in Tribeca. The loft may be massive, but the contract's only big enough for one of them.