The Real Deal Miami

Counting commissions

While brokers see increase in take-home pay due to more deals, they're working harder for every dollar and being asked to take smaller cuts
By Melissa Dehncke-McGill | May 12, 2010 02:17PM

alternate textAndrew Barrocas

From the New York May issue: While the real estate community is inundated with statistics about sales activity and prices when it comes to the condo and co-op market, there’s one stat that’s rarely bandied about in public: commission fluctuations. In this month’s Q & A, The Real Deal talked to brokers and firm principals about how take-home pay and commissions have changed since the market went into freefall in September 2008. For more on the new types of commission splits that some firms are using and on new development versus resale commissions, we turn to our panel of experts. [more]