Resi market report: The commission split dance

From the January issue: Before ringing in 2017, many of the city’s residential agents were furiously trying to ring up a few more sales. Adding to their urgency was the fact that a number of brokerages “roll back” agents’ commission splits at the end of the year if they come up short on performance benchmarks.

“For a lot of people, it’s a time to reevaluate and renegotiate,” said Kathy Braddock, managing director of William Raveis New York City. [more]