What’s the biggest single commission you or someone you know has made?
Since we’ve been on the topic of money lately I got curious. I’ll go first: a buddy in my office is about to sell a warehouse for around $20 mill. After all is said and done he’ll take around $220k home, pre-tax. Another guy at a nearby brokerage sold a $75 or $80 million dollar piece of property in LA and took home a couple million.
[{"id": "i9qmsln", "text": "750k. Typically commissions that scale I\u2019ve noticed tend to go to finance or capital market people. Traditional brokers typically get cut off around the 300-400k mark from what I\u2019ve seen because their cutting fees to be competitive with other brokerage houses. However, if you can secure an exclusive an extremely attractive off market deal than you can just say whoever pays the most wins.", "replies": [], "depth": 1}, {"id": "i9r5yua", "text": "Largest I\u2019ve known about in the company was around $10m fee for a portfolio sale of 5-6 buildings.\nLargest I\u2019ve seen in my team was $2.2m for a large lease transaction.\nLargest personal was $1.2m for a 12 year tenant brokerage over 75,000sqft split between 2 operators.", "replies": [{"id": "i9r714u", "text": "Ahh the $80 million dollar one that I was talking about was a personal commission as well. Think he might\u2019ve only split it with the CEO of the company and he still probably took home $2 mill.", "replies": [], "depth": 2}], "depth": 1}, {"id": "i9r86wq", "text": "I sold a few portfolios last year; one was $22.7m, my partner and I split 1% the buyer's agents increased the price and paid themselves 3% = $681,000.00", "replies": [], "depth": 1}, {"id": "i9reea6", "text": "In my old CRE company the regional manager leveraged a success fee on a development where he got a $60 million dollar commission.  Yeah, he retired.", "replies": [{"id": "i9repb4", "text": "Wtf, that has to be a multibillion dollar development, right?? Also, could you explain what you mean by a success fee?", "replies": [{"id": "i9rhf5c", "text": "The final value was close to $850mil I believe and the success fee was some kind of contractual cut of the value over and above the expected value.  I\u2019m not sure of the details, sorry, just heard the bragging and jealousy from other partners.", "replies": [], "depth": 3}], "depth": 2}, {"id": "i9vkm4u", "text": "This is insane. I was super proud of my 25k single check commission this year. \ud83d\ude02  congrats to him. May we all get a commission check that allows us to retire \ud83d\udcaf", "replies": [{"id": "i9w6brs", "text": "It was this total once in a lifetime thing, they had worked on the development for ten years and he had been in the industry for 40 so this was his masterpiece that everything came perfectly together.  The project was finished at the tip top of the market, the investor didn\u2019t think the project was going to perform like it did and wrote a beneficial DMA and everything just worked out.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}]