• TEST A snapshot of three firms’ splits

    ELLIMAN
    GROSS COMMISSIONSCOMMISSION SPLIT
    $135,00055 percent
    $155,00060 percent
    $210,00065 percent
    $340,00070 percent
    CORCORAN
    GROSS COMMISSIONCOMMISSION SPLIT
    Under $100,00045 percent
    $100,00050 prcent
    $160,00055 percent
    $195,00060 percent
    $250,00065 percent
    $395,00070 percent
    TOWN
    GROSS COMMISSIONSCOMMISSON SPLIT
    $155,00055 percent
    $165,00060 percent
    $205,00065 percent
    $360,00070 percent
    $600,000 75 percent

    Split schedules vary slightly at traditional firms. But one insider provided <em>TRD</em> with the split schedules for three firms: Corcoran, Elliman and Town.

    Basically, the more money in gross commission the agent pulls in, the greater share of it they get to keep when the brokerage firm takes a cut. The structure is meant to incentivize agents to do more business.

    So at Elliman, for example, an agent selling $5.15 million in properties, representing either the buyer or seller, would gross around $155,000 in commissions. Of the $155,000, they would get to keep 60 percent for themselves and give 40 percent to the firm.

    But if they sold $11.3 million in properties, they would rake in $340,000 in commission and get to keep 70 percent of that for themselves.

    Corcoran did not respond to requests for comment, while Town and Elliman declined comment.

    Still, here’s a sneak peak at what brokers are offered at each firm. Dollar amounts represent gross commissions.

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