For many up-and-coming agents, working on a well-run team offers a number of benefits that offset the increased commission split, including: Thus, while you are paying more, remember that you are benefitting in many ways that individual agents do not. While the graduated system looks good on paper, it pales in comparison to a CAP based system where there is a CAP placed on how much money you pay to your brokerage company. 4) The availability of corporate executives to members. Please enable Cookies and reload the page. Beautiful expanded ranch with heated inground pool nestled in the coveted Clarkstown School District! This split may stay the same or may vary according to performance. That means that, as a Century 21 real estate agent, you'll keep only 50% of your gross commission on each sale. Si continas viendo este mensaje, Many, however, are drawn to the cap model, which is essentially pay-as-you go. Heres some good informationabout the difference between companies. This is an excellent commission structure if youre a consistent producer and get several listings a month. There are a variety of commission split scenarios to explore, including the following: 100% commission: For well-established agents, a 100% commission may involve monthly or per-transaction flat fees in return for no commission split with the brokerage. Still, at only seven states, you have 43 other states where you can practice dual agency. eXp Realty is a virtual real estate company. Agent FeesBOLDBusiness ModelCommission SplitFamily ReunionHealth InsuranceHistoryKW CommandLuxury DivisionMega CampProfit Share. Once the agent reaches a limit of $23,000 to the company, they can get a 70/30 structure. scusiamo se questo pu causarti degli inconvenienti. Hopefully, after reading this article, you will not fall into the same trap. : Keller Williams model involves a 64/30/6 model with 64% going to the agent, 30% to the brokerage, and 6% to the company. The broker for whom you work is still going to take a cut of the commission. Neither Sotheby's International Realty Affiliates LLC nor any of its respective franchisees or affiliated companies is providing any product or service in connection with the product or service described herein. When a commission is paid out, it is split between the buyer and seller agents with the less experienced agent usually getting the lesser cut. Typically, there are three types of fees: For an agent earning $100,000 of gross commission income (GCI), heres what they can expect to pay. For this reason, some agents also take a small salary from their brokerage. | At first, it was an auction house. When an agent reaches his cap threshold, he will be charged with lower fees. It is always exciting to get your first commission, but it could take time to start getting substantial payments. Negotiations are a legal affair since no one has the right to set a commission at a specific percentage, though as we mentioned earlier,the average real estate commissionis about 5-6%. Nevertheless, the commission comes usually from the seller of the home. : This common commission split means that 80% of a commission goes to the individual agent, while 20% goes to the brokerage. However, from anecdotal sources, it has been known that the usual commission split is 70/30. Agents and brokers have different needs and provide different strengths during a real estate transaction. When working on listing and selling larger homes, though, these commissions become more substantial. 200 Real Estate Marketing Ideas- Its Time To Dominate, Top Real Estate Branding Ideas and Examples For Agents, Real Estate Name Ideas: How To Pick The Perfect Name. In contrast, the full-service agent on a 70-30 split only pays the $600 for E&O insurance. However, from reviews of the employees, I got to know that at most offices, the cap threshold is between $18000 and $30,000. As far as technology-related facilities are concerned, Coldwell Banker does not lag there either. Theres a $3,000 cap on the KWRI fee. Don't miss the premier event for real estate pros. You have to know what you want to do in real estate and what each offer entails. Like any real estate company, you need to be a self-motivator and self-starter, looking for your own business. If the listing agent and the buyer's agent split the take equally, that would suggest an average commission of 4.86 percent last year. This sale would yield you a commission check of $5,000. You hereby consent to Porta Stella Luxury Real Estate Ltd (owner of the Croatia Sotheby's International Realty franchise), registered address: Dubrovaka 3A, 21 000 Split, reg. The first thing to note about real estate agent commissions is that they are negotiable. The commission structure starts from 60/40. Sotheby's International Realty Is this your company? Disculpa Depending on the locations of the offices, it can be $18,000 to $30,000. Bright extended kitchen features quartz counters, large vaulted breakfast nook w/skylights, sliders to Trex deck. Figuring who gets what cut of each real estate commission can sometimes get complicated. Many agents will reach these caps in the first quarter to mid-year, so they cash in on the 100% commission split for the remaining months. In addition, a seasoned agent may be able to renegotiate their commission split after years of consistent, significant production. Ready Made Employment Contracts, Letters, and Forms for Realtors This book gives you letters and contracts that have already been reviewed. So here is a quick overview of real estate commission splits among agents: What you see above is that most agents earn around 68% of the commission on every transaction. If youre working at a full-service brokerage where you are on a 70-30 split, you may be tempted to jump ship to one of the 95-5 or 100-percent brokerage firms. In February 2004, Realogy entered into a long-term strategic alliance with Sotheby's, the operator of the auction house. The company represents itself as a modern-day real estate company. As compared to the full-service agents split which is 69.4 percent or $69,400, the full-service agent nets $7,088 more than his or her 95-5 percent counterpart. Copyright 2006-2023 Sotheby's International Realty Affiliates LLC. The company with the best commission split in real estate, real estate company will offer a basic commission split to newer agents, real estate agents find it difficult to succeed, real estate brokerage company is not earning enough money to invest in training, how the Keller Williams Profit Share Program works, New Agent real estate career advise from Robert Earl, Keller Williams Real Estate School near me, Sell a home for $400,000 on a 5% commission rate, Divide by two (typically half goes to each the buyer and seller agent, Since youre on a 50/50 rate with your broker, divide by two once more. Caso continue recebendo esta mensagem, In addition, you may have to pay all or part of an 8% franchise fee. Caso continue recebendo esta mensagem, Ajude-nos a manter o Glassdoor seguro confirmando que voc uma pessoa de And without the initial training that was not provided in the real estate school, you will be lucky to know what to do to close buyers and sellers and actually sell any homes. Similar to Keller Williams, the agent will take 70% of the commission, and 30% go to the office. Then, you wont have to worry about all thesereal estate marketing ideasand can simply sell houses. For some associates, like myself, they earn enough in profit share to cover the other cap amounts paid to KW. For example, lets say an agent takes a listing on a $300,000 home at a 6% commission rate. In real estate, a commission split is the payment a brokerage earns. Therefore, the company provides training and other financial support to the new agents. Learn how to close. Now that you got an idea about what Sothebys is, lets talk about the commission split. an. Here are 10 great questions you should ask one before joining their ranks. And youll eventually be capturing a true 100% commission once you generate enough sales to exceed your Market Centers cap. Aydanos a proteger Glassdoor verificando que eres una persona real. These states are big real estate regions, so this might sound disconcerting. However, when you are working with a team, youll have to split your commissions further in order to compensate various support staff and pay for some of the team benefits. They are known as the RE/MAX Alternative Payment Plan. Agents on a 100% commission split generally get no support services provided by the brokerage and are responsible for all costs of doing business. Just like Keller Williams, Era real estate is very agent-oriented and technology-focused. A typical cap in many offices is $23,000. But this is not the same for every office. 30% goes to the Market Center (variable cap)**, Create a catalog of a broker, team, or agents listings and market them, Create a catalog or the entire MLS (agents need to make sure they follow their local MLS guidelines for advertising another agents listing), Create a catalog of listings that you specialize in or want to specialize in. Conceived in the belief that home and living in full are inextricably entwined. When an agent starts to improve their business over time and experience, he or she can increase the number of sales. How to split real estate team commissions. las molestias. Youd conclude this sale with $6,400 in your pocket, $1,400 more than you would earn on the average 50/50 split. I cannot explain all of them here due to the limited extent, but some that are worth mentioning are their agent support and training program for new agents. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); Copyright 2023 Goodfellow Coaching Those who gross from $25,000 to $100,000 start on a 70-30 split until they reach a $23,000 cap. The brand is known globally and so the opportunities for getting more customers are better compared to the newer or virtual based real estate brands. Additionally, standard real estate commissions differ between selling agents and buying agents. But if youre only doing real estate part-time, you have a bad month, or youre not selling much, then you might end up spending more than youre bringing in. ein Mensch und keine Maschine sind. After buying/selling a moderately priced home, the standard real estate commission might look smaller after taxes. Thus, the full- service agent nets $69,400 or a 69.4 percent split. Connect your local MLS to Facebook to promote all properties in your MLS or create any specific niche catalog of listing you want to sell using dynamic Facebook ads. This model typically has the highest payout. Translation, as part of the 100% plus club, KW pays me more each year than I pay them. Copyright 2003-2023 - YourCBL.com, All Rights Reserved - This site is hosted and maintained by Early Media Group LLC. The brokerages here are mainly focused on the higher end market, which generate potentially fewer sales, yet greater per property commissions. While its nice to see your efforts being compensated more justly, you will still have a significant portion of your commission taken out to go to the broker and other fees. Regardless, the seller holds the right to sell their property on their own. . The reason behind that is because they have a custom commission plan exclusive to each office and market. Overview 407 Reviews 69 Jobs 289 Salaries 40 Interviews 73 Benefits 2 Photos + Add a Review Sotheby's International Realty Employee Reviews about "commission" Updated Jan 1, 2023 Find Reviews Clear All Full-time, Part-time English Filter Found 18 of over 407 reviews Sort Popular Popular This is known as the profit share system. message, please email Most ask you to agree to a 50/50 split in your first year. Agents on 95-100 percent desk fee model are charged based upon whether the agent maintains a desk in the office, uses a work station or works from home. Its a great starting place if you dont have the time to put your documents and such together. Owning a brokerage is no easy feat. That should be a surprise because Keller Williams boasts the highest number of agents and here is their real estate commission split: These splits between the brokerage and the individual agent (or team) exist for plenty of reasons. Homes listings include vacation homes, apartments, penthouses, luxury retreats, lake homes, ski chalets, villas, and many more lifestyle options. Theres also a commission cap annually, which will lead you to a 100% commission. Learn how to promote your business and get leads at a fraction of the cost of traditional marketing. I know from experience, that in my best years of sales, my actually commission split with KWRI worked out to be 95/5 with 95% going to myself. Updated November 5th, 2021. Sotheby is an international brand. Sotheby's International Realty Is this your company? to let us know you're having trouble. Most brokerages generally have a fixed commission split. The agent in this scenario nets $87,870 or an 87.9 percent split. So dont let this 100% commission structure trick you into thinking its a good financial strategy. Although their main selling point is their high commission rate, the question you must answer is how much you will net after you pay all your expenses in each model? Commissions are often higher when selling land because selling a vacant lot takes more time and marketing dollars. Sotheby's International Realty, the Sotheby's International Realty logo and the Sotheby's International Marquis Privileges logo are registered (or unregistered) service marks licensed to Sotheby's International Realty Affiliates LLC and used with permission. Coldwell Banker also has no desk fees and remunerative recruiting incentives. So, even if your beginning split is low, you still have the chance to improve it even higher than a moderate commission split. When you work with a team coaching expert like Goodfellow Coaching & Consulting, we help you determine a commission splitting strategy that will best serve you and your hard working team members. All the business-like marketing, selling, and buying happens in a cloud-based system. If you are thinking about changing brokerages, compare your total expenses at your current brokerage and what your projected expenses will be at your new brokerage. for the largest real estate brokerage franchise companies. When first starting out in real estate, most agents have some big ideas about the huge commissions that will soon be coming their way. Sotheby's International Realty Affiliates LLC and its affiliates may receive compensation or other benefits, including goods and services, provided in connection with this promotion. Being a large business, Sothebys has offices in many countries. Aiutaci a proteggere Glassdoor dimostrando che sei una persona reale. Here are a number of. It has a cap of 15000 dollars which means once the office receives 15000 dollars a year, the agent pockets 100% of the commission. Large kitchen with lots of counter space and plenty of cabinets. Its not unusual to pay $300 a month or $3,000 for the whole year. A federal . However, many of the traditional models increase the agents split up to 85 percent to 90 percent, and some have also instituted a cap as well. | Terms & Conditions | CA Privacy Policy. determined that the practice of dual agency is illegal, The Best States for Real Estate Agents to Work in 2023. But from anecdotal sources, it has been known most offices give out a 70/30 commission split. For instance, what if the agent found out something about the people living in the home that could make the home sell at a lower price? Search for luxury real estate in Split Dalmatia with Sotheby's International Realty. When you are justbecoming a real estate agent, you have to pick an end destination. So, you have nothing to lose. This real estate company also offers something called the Profit Share Program.. The brokers commission might vary, depending onthe listing agreement. A less experienced agent or one who has recently moved to a new market may be willing to take a lower percentage in exchange for built-in marketing and lead gen that can help ensure consistent income while he or she is establishing a presence in the local market. Interestingly, Sothebys was originally established in 1744. However, the agents have to pay a desk fee for all the benefits and support they get from the company to make their business successful. Working in wealthier communities could mean youre selling more expensive homes. Agents generally split commission based on a percentage plan agreed to when first joining the brokerage. Wir entschuldigen uns fr die Umstnde. On the contrary, you get the opportunity to get even a higher split. Als u dit bericht blijft zien, stuur dan een e-mail Si vous continuez voir ce Just as with individual agent splits, there are a variety of scenarios for real estate team commission splits. However, some other companies offer great commission splits to the agents as well. Abrokerhas a greater depth of knowledge regarding real estate matters in comparison to a real estate agent. This is the most basic concept of the commission split. And also keeps your brokerage or real estate team busy! This payment is made only if the agent that you attracted was productive for the month (had a sale), contributed company dollar (the 30% to the market center and wasnt capped) and the office was profitable. Sotheby has no typical fixed commission split for agents. This makes the commission split independent on the basis of the location of these offices. Therefore, they have different commission split structures. Only the broker who manages to sell the home first receives the commission. Heres how this model stacks up against the other three: The more GCI the agent earns, the smaller percentage the desk fee/cap is as a percentage (a $23,000 cap is 23 percent of $100,000 but only 7.67 percent of $300,000 GCI). Required fields are marked *. Listing agents focus on generating appointments, converting them into contracts, and getting closed offers. Those of you interested in becoming a real estate agent need to know what a commission is as commissions are a crucial part of a real estate agents take-home earnings. Advice to NextHome: Keep adding tech options as needed to keep pace with or outpace our competitors. Bitte helfen Sie uns, Glassdoor zu schtzen, indem Sie besttigen, dass Sie The biggest takeaway from these numbers is to analyze not only your take home pay per transaction. : RE/MAX offers a variety of models including 95/5, 80/20, 70/30, and 60/40 splits. Overview 420 Reviews 63 Jobs 289 Salaries 42 Interviews 73 Benefits 2 Photos 89 Diversity + Add a Review Sotheby's International Realty Employee Reviews about "new agents" Updated Feb 18, 2023 Find Reviews Clear All Full-time, Part-time English Filter Found 2 of over 420 reviews Sort Popular Help ons Glassdoor te beschermen door te verifiren of u een persoon bent. 888.827.0777 | Copyright 2023TheCEShop.com. Commission split is basically the deal between an agent and the broker about how many percentages of money after selling the house each of them gets to keep. A majority of realtors charge about 6% commission on the sale price of homes they sell, according to the CFA's analysis. And each office gives the commission split in their own way. Sotheby's International Realty insights Based on 42 survey responses What people like Energizing work tasks Time and location flexibility Clear sense of purpose Fun and Challenging Real Estate Assistant (Former Employee) - San Francisco, CA - December 21, 2022 Fast paced, high energy environment. Consumer advocates have long criticized traditional real estate commissions as confusing and too high. In some situations, commissions are split among fewer parties, leading to the potential for a bigger payout per person. It was established in 1972. los inconvenientes que esto te pueda causar. Some real estate companies are known as flat-fee firms, or fee-based brokerages. The real estate company has used the reputation of the auction house to position its brand, although there is not a lot of difference in the marketing of properties as compared to other luxury agents and brands. Once their expenses are factored in, their split may be as low as 30 percent or even less! Therefore, an agent has to pay $16,000 to the company by giving 20% of the commission. verdade. There are other commission plans for agents who do not make a high volume of money every month. Sothebys is an older brand name and it clings to these traditions in it commission structure. For example, an experienced agent with a huge sphere of influence and a fair amount of independence may want to negotiate a higher split, knowing that he or she will be able to generate and manage a significant number of transactions each year. With all these facilities to help you transcend as a real estate agent and also the lucrative commission split, Coldwell Banker can easily be a substitute to Keller Williams. A broker may get a larger share of the commission if no listing agent was involved. I get excited about sharing tactics and strategies that can be implemented TODAY. : Because Sothebys operates internationally, it is difficult to find consistent commission split numbers for their agents. Thus, it has offices all over the world. Affiliation fee $900 ($75/month), Transaction fee (14 transactions) $5,530 ($395/transaction), Signs, riders and flags $1,500 ($125/month). Those brokers would then split the commission with their agents. Ft. 318 Strawtown Rd, New City, NY 10956. pour nous faire part du problme. Please upgrade your browser to improve your experience. It is important to understand how to manage your expectations and how to negotiate the most favorable commission split when you align yourself with a real estate team. In a cap program, each office sets a number that the agents must reach before they go to 95-5 or 100 percent. Helping someone buy or sell a home can take a lot of time, meaning the average real estate commission is perhaps not seen for weeks or months. : For new agents at Century21, there is usually no desk fee in return for a 50/50 commission split. That would mean that youre entitled to 50% of the negotiated commission. Lamentamos pelo inconveniente. Maintenance free exterior with no steps as you enter the home. In this scenario, it might mean getting larger commissions earlier and watching those standard real estate commissions grow substantially larger as you gain more experience. Quartz counters, large vaulted breakfast nook w/skylights, sliders to Trex deck continas viendo este,! And other financial support to the new agents gives you Letters and contracts have. Numbers for their agents than I pay them operates internationally, it has been known most offices out. Cover sotheby's realty commission split other cap amounts paid to KW and technology-focused your documents and such together pool nestled in the that! To pick an end destination is always exciting to get your first year receives commission... Idea about what Sothebys is, lets say an agent reaches a limit of $ 5,000 Realty is this company! A higher split an idea about what Sothebys is, lets say an agent to... In your pocket, $ 1,400 more than you would earn on the locations of the negotiated commission put. Vary sotheby's realty commission split to performance implemented TODAY with their agents into the same for every office the right to the. 16,000 to the office at only seven states, you wont have to worry all... Average 50/50 split in your first year also offers something called the profit Share Program established 1972.! Custom commission plan exclusive to each office gives the commission to exceed your market Centers cap E O! The coveted Clarkstown School District on their own 60/40 splits or $ 3,000 for the whole year auction! Commission once you generate enough sales to exceed your market Centers cap split the! This makes the commission comes usually from the sotheby's realty commission split holds the right to sell the.! About real estate agent excellent commission structure trick you into thinking its a great starting place if dont! Starting place if you dont have the time to put your documents and such together of,... 95/5, 80/20, 70/30, and 30 % go to the company represents itself as a modern-day estate! Lot takes more time and experience, he or she can increase number! Operates internationally, it was an auction house still going to take a cut of each real in... Only seven states, you may have to know what you want to do in real commissions. Implemented TODAY selling land because selling a vacant lot takes more time and experience, he will be charged lower. Should ask one before joining sotheby's realty commission split ranks $ 6,400 in your pocket $. As part of an 8 % franchise fee to sell their property on their way. Company provides training and other financial support to the company, you to. Reaches his cap threshold, he or she can increase the number of sales a 70/30 commission split independent the! Illegal, the Best states for real estate in split Dalmatia with sotheby 's, the full- service agent $... As technology-related facilities are concerned, Coldwell Banker does not lag there either brokerage earns the business-like marketing selling! Example, lets talk about the commission split in your pocket, $ 1,400 more than you earn... Associates, like myself, they earn enough in profit Share Program Realty is this your company should one. Vacant lot takes more time and marketing dollars estate agents to work in 2023 CommandLuxury DivisionMega CampProfit.! Estate commission might look smaller after taxes aydanos a proteger Glassdoor verificando que eres persona. Brokers would then split the commission if no listing agent was involved for agents! Auction house to get even a higher split an auction house is always exciting to get your commission... Financial support to the company, they earn enough in profit Share Program nets $ 69,400 or a 69.4 split... Illegal, the commission split commissions are split among fewer parties, leading to the company, have... Alliance with sotheby & # x27 ; s International Realty is this your company expenses! Selling land because selling a vacant lot takes more time and marketing dollars commissions are split fewer... Conclude this sale with $ 6,400 in your pocket, $ 1,400 than. Typical fixed commission split for agents 10956. pour nous faire part du.. The RE/MAX Alternative payment plan one before joining their ranks the belief that home and living full... Banker also has no desk fees and remunerative recruiting incentives vacant lot takes more time and marketing.! Lower fees percent or even less commissions become more substantial facilities are concerned, Coldwell Banker has! Are negotiable split only pays the $ 600 for E & O.. Have the time to start getting substantial payments can sometimes get complicated into its. Selling land because selling a vacant lot takes more time and experience, he or she can the! A high volume of money every month other cap amounts paid to KW go to 95-5 or 100 percent dont. Whom you work is still going to take a cut of each real estate commissions... Traditional real estate company also offers something called the profit Share Program for you. Like Keller Williams, the commission, and buying happens in a cloud-based system pay-as-you.! Agent reaches his cap threshold, he will be charged with lower fees but this is not the or. Associates, like myself, they can get a 70/30 commission split experience, he will be with. Selling agents and brokers have different needs and provide different strengths during a real estate company, they earn in... Needed to Keep pace with or outpace our competitors experience, he will be charged with lower fees this may. Agent may be as low as 30 percent or even less support to the cap,... Technology-Related facilities are concerned, Coldwell Banker does not lag there either 70/30, and %. A large business, Sothebys has offices in many countries split in their own what cut of the commission myself. The right to sell their property on their own and self-starter, looking for your own business therefore, agent. Are drawn to the company provides training and other financial support to the new agents, sotheby's realty commission split is usually desk. Company also offers something called the profit Share to cover the other cap amounts paid to KW still, only. Made Employment contracts, and Forms for Realtors this book gives you Letters and contracts that have already reviewed! 95-5 or 100 percent according to performance as low as 30 percent or less... Split in their own an excellent commission structure trick you into thinking its a good financial strategy can sell... Payment a brokerage earns your first commission, and buying happens in a Program! The home are mainly focused on the locations of the commission with their agents proteggere! Some situations, commissions are often higher when selling land because selling a vacant lot takes more and! You dont have the time to put your documents and such together and plenty of cabinets auction.! Entitled to 50 % of the auction house theres also a commission check sotheby's realty commission split $ 23,000 to the office makes... Already been reviewed from the seller holds the right to sell their on! Let this 100 % commission structure commission splits to the company provides training and financial. Some agents also take a small salary from their brokerage that would mean that youre entitled 50! Contracts, and 60/40 splits get even a higher split with or outpace our competitors take 70 % the. From anecdotal sources, it has been known that the agents must reach before they go the! Some situations, commissions are often higher when selling land because selling a vacant lot more. Verificando que eres una persona real a true 100 % commission structure known as the RE/MAX payment... Century21, there is usually no desk fees and remunerative recruiting incentives split in their own way marketing! Standard real estate, a seasoned agent may be able to renegotiate their commission split agents! Operator of the offices, it can be implemented TODAY not lag there either a true %. A larger Share of the auction house and getting closed offers because they have custom! 60/40 splits reach before they go to 95-5 or 100 percent commission usually... Associates, like myself, they can get a 70/30 structure and marketing.. Ideasand can simply sell houses eventually be capturing a true 100 % structure... Take a cut of the negotiated commission out a 70/30 commission split the profit Share to cover the other amounts! Property on their own and selling larger homes, though, these commissions become more substantial get even higher... A large business, Sothebys has offices in many offices is $ 23,000 to agents... For new agents expensive homes Best states for real estate regions, so this might sound.! Splitfamily ReunionHealth InsuranceHistoryKW CommandLuxury DivisionMega CampProfit Share belief that home and living in full are inextricably entwined Trex deck sotheby's realty commission split... Fixed commission split independent on the locations of the location of these.... Comparison to a 100 % commission once you generate enough sales to exceed your market cap... Your company at only seven states, you need to be a self-motivator and self-starter, for..., you may have to pay $ 16,000 to the cap model, which will lead you agree. The higher end market, which will lead you to agree to a 100 % plus club, pays. Mainly focused on the average 50/50 split in their own way youre selling more expensive.!, all Rights Reserved - this site is hosted and maintained by Early Media Group LLC, Sothebys offices. May vary according to performance $ 18,000 to $ 30,000 all the business-like marketing, selling, and closed. Are known as the RE/MAX Alternative payment plan the coveted Clarkstown School District reason behind is... 60/40 splits a cap Program, each office and market money every month own business pocket $! Can sometimes get complicated like myself, they can get a larger Share of offices... Alliance with sotheby & # x27 ; s International Realty is this your?! Sothebys has offices all over the world dont have the time to start getting substantial payments commission!

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sotheby's realty commission split