BrokerageIndustry News

7 views on real estate commissions

Learn the New Luxury Playbook at Luxury Connect | October 18-19 at the Beverly Hills Hotel

Editor's note: This article is reposted with permission by The Real Deal. Click here to view the original article. By MELISSA DEHNCKE-MCGILL NEW YORK -- 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-and-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. As one source described it, the time that has elapsed since Lehman Brothers collapsed can generally be divided into three chunks: the total market freeze, which lasted until March 2009; the slight uptick, which lasted until August 2009 and came with slightly higher commissions for harder-to-sell apartments; and finally the major increase in deals that has dominated since August, with slightly lower comm...