Broker commission splits

buyer/seller brokers split commission at closing..as for your broker/brokerage firm split, depends on production of the agent or team. Higher production, higher commission split. usually you start at 50%, then get bumped up incrementally to as high as 70 or 75%..those are full service firms. Then you got the Rutenberg type of model where agent pays desk fee or flat transaction fee and keeps full commission.

For members of the Real Estate Board of New York (REBNY), the total commission is supposed to be split 50/50 between the selling (listing) brokerage firm and the buyer's brokerage firm. Most firms are REBNY members, but not all; Brooklyn has non-REBNYs.

Each brokerage firm then pays the agent 50% of that commission, except for the sliding scale as Noah (Urbandigs) has noted.

The Rutenberg model, where I work, is that the firm keeps $1000 from transactions below $1 mill, and $2000 from transactions above a million. Agents pay $99 a month to the firm, but I would hardly call it a desk fee, since there are about 300 agents and about 30 desks! :) It's more of a website fee these days.

What is the standard commission in NYC these days when listing an apartment? Is there negotiation or is it pretty standard? Also, is there any such thing as a discounted commission for an exclusive anymore?

You can still get a discounted commission, but as far as what the rate is I'm not entirely sure, probably something close to 10%.

Courtney H.
Commission Broker