How are brokers getting paid?
I know some sale processes are going through but in 30-90 days I imagine the number will drop. I believe many mid to senior brokers at shops like CBRE, JLL and Cushman get commission splits but no salary. Have they gotten some sort of stipend for the slow time or none at all since their job is meant to ebb and follow?
[{"id": "fld27m5", "text": "No they\u2019ll be expected to whether the storm and just won\u2019t be paid until they close some deals.", "replies": [{"id": "flk76em", "text": "Many brokers are going to have to find other work. It's going to hurt.", "replies": [], "depth": 2}], "depth": 1}, {"id": "fld2b0w", "text": "Feast or famine. That\u2019s what you sign up for.", "replies": [], "depth": 1}, {"id": "fld7xy2", "text": "your desk fees, insurance, business you bring back", "replies": [], "depth": 1}, {"id": "fldc6ug", "text": "It\u2019s time to get organized and come out the gates strong when things get back to normal. \n\nThings are normally slow around Spring Break, August, and December in terms of tour activity. This year is just worse.", "replies": [{"id": "flk7998", "text": "Comparing this to typical seasonal changes is ridiculous", "replies": [], "depth": 2}], "depth": 1}, {"id": "fldcuuq", "text": "I\u2019m in industrial brokerage and we are still business as usual. Lost a couple deals from CV but also gained a couple manufacturing deals moving overseas to set up domestically. There\u2019s still a need in certain sectors, especially industrial. I can see retail slowing. \n\nSome of our top producers have their best years in downturns (others have their worst years). Reason is they\u2019ve already built such a strong network that when there is a downturn people turn to them as representation. \n\nAs someone mentioned above though, feast or famine. Need to build your network as strong as you can for situations like this.", "replies": [], "depth": 1}, {"id": "fldfnn1", "text": "LOL make a couple hundred grand a year and can't weather a couple month shut down.", "replies": [{"id": "fldpbgk", "text": "Hey now!  We cash closing checks before they're written!", "replies": [], "depth": 2}], "depth": 1}, {"id": "fldg2rf", "text": "If you're not on salary, you eat what you kill. sales101", "replies": [], "depth": 1}, {"id": "fldhmtm", "text": "No incoming $,\nMy deals are almost all dead, but I\u2019m like a squirrel, I\u2019ll weather and come back stronger.", "replies": [], "depth": 1}, {"id": "fldkiap", "text": "I am currently building a website and plan to have new marketing materials made.", "replies": [], "depth": 1}]