Palmieri was part of the 'Selling Sunset' spin-off since it first hit Netflix in August 2022
The decision, which was first reported on by Entertainment Tonight, was one that the real estate agent told PEOPLE came "after much consideration."
“After much consideration, I’ve decided to part ways with the Oppenheim Group. I am very excited about this new chapter in my career and eager to embark on a journey that closely aligns with my professional aspirations and personal growth," he said in a statement to PEOPLE.
He revealed to ET that he has now signed on as a partner "with an amazing, top-producing team and mentor, Steve Games, previous owner of Prudential California Realty and Pacific Sotheby’s International Realty" and that their team recently launched with Coldwell Banker West.
Palmeri is ready to explore potential opportunities in a new market, telling ET, "Returning to the serene atmosphere of San Diego County, where I first ventured from Florida to California, brings me great joy. I’m eager to explore the opportunities that lie ahead for my business and success in this vibrant community."
Before Selling the OC debuted on Netflix, the Florida native told PEOPLE that he became a part of the show after being introduced to Oppenheim Group co-founder Jason Oppenheim. He explained that the two met after he began working around the same group of agents that Oppenheim worked with in Beverly Hills.
Oppenheim opened up about the drama between the cast in a conversation with PEOPLE in September 2022.
"I think there's just a lot more drama and interpersonal issues between the agents," he said. "They find themselves in an office working together, but I don't know if they necessarily would've chosen each other as friends."
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Seasons one and two of Selling the OC are available to stream on Netflix.
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