Commercial Real Estate— Compensation
So I had a few questions about compensation. Then I realized... Curiosity Killed The Cat?! It’s time to close some deals and make some money! Thanks for all the Feedback!
Feedback.
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I've honestly been out of the brokerage game for about 7 years now. I don't have any insight on what is market these days in terms of comp.
Bump though.
Thank you! I just saw your old post about compensation set up. Very informative! Thank you again.
Are they going to let you list those deals, with a exclusive contract if you switch to this brokerage firm?
(Duplicate post)
So, Colliers.
Anyway, a lot going on here. First, you don't know how to run and close a deal. Not executing on a couple off-market deals gave you no experience in how to run a deal start to finish. Also - no such thing as an exclusive off-market agreement. If you brought up this as defending points, that's why you got the smirk. Honestly, would have been a lot worse most other places so the guy must be pretty relaxed.
Not sure if the 10% was the pooled amount or just off what you find. Pooled team commissions work for teams of about 4, with clear leadership and roles. I won't start on that unless that's the case.
Typically, as an associate, you get 40-60% of what you kill. That increases as your role expands, and most of the time you get to dip into the other 40-60% once you're managing juniors. That's typical though - it's not typical to be offered an associate position on a top team without any experience, so either you're being blown smoke or gave the greatest single interview performance ever witnessed.
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