What’s the average commission split between the agent and the brokerage house on leasing deals in NYC. I’m seeing many different numbers and splits on the internet. Appreciate all answers from the out of state people also! Thank you
Thanks
[{"id": "gyn2w5z", "text": "So it can be a lot or it can be a little. Way too many factors with too little info-hence the lack of replies", "replies": [], "depth": 1}, {"id": "gyn6inc", "text": "I\u2019d say 55-60 percent on avg for big firms.", "replies": [], "depth": 1}, {"id": "gyn6zfb", "text": "I worked as an associate at a midsize NYC retail leasing firm. Starting splits are 50/50 but my understanding was that it can be renegotiated to 60/40 in a more senior position (VP, etc)", "replies": [], "depth": 1}, {"id": "gynrzdp", "text": "It depends on the brokerage you are with and your experience. The split shouldn't be different on a lease than on a sale transaction. They also tend to restart on your anniversary date every year.", "replies": [], "depth": 1}, {"id": "gyq6vc2", "text": "Out of state but big firms are like 50/50 or 60/40 ish here.  Boutiques go 60/40 to 80/20ish.  Also caps exist.  It depends what you expect from your broker and who pays what.", "replies": [], "depth": 1}, {"id": "gzo6nll", "text": "Agree with these, seems the simple answer has always been 50-50 to start.  This 50 portion to the house goes to pay for overhead including things like research, marketing, admin. etc. so all else being equal and on a good team see what this gets you relative to other options.  I run a boutique brokerage and our splits are better and we are not in NYC.", "replies": [], "depth": 1}]