The Real Deal New York

Splits grow more crucial as NYC’s market tightens

A look at the commission splits being used to attract and retain residential agents in an increasingly competitive market
By E.B. Solomont | July 17, 2014 10:30AM

From the July issue: Real estate veterans Paul Purcell and Kathy Braddock spent seven years building Rutenberg Realty into a fast-growing firm that lets brokers keep the lion’s share of their commissions. But as they launch William Raveis’ first New York City office, they’re turning to a traditional commission structure that pays agents a split based on their productivity. [more]