Agents of the Oppenheim Group on Selling Sunset do not earn salaries but take home huge commissions upon a successful deal. But what is the commission split between them in Season 7? Here’s all you need to know about it.
What is the commission split on Selling Sunset Season 7?
The stars of Selling Sunset Season 7 earn an 80/20% commission split. After a successful deal, the agent keeps 2% of the commission after all deductions.
With commissions being the major source of income for the real estate agents at the Oppenheim Group, it is split at an 80/20% rate. To simplify that, 20% of the commission goes to brokerage and the agent keeps 80% of it. As a result, 2% of any sale is earned by the Oppenheim Group agents.
The commission on every purchase is around 5%, with the representatives of both buyers and sellers getting 2.5% each. For instance, if Nicole Young brings in a buyer who agrees to purchase a property, then 2.5% of the purchase price will go to her and 2.5% to the broker involved in the sale.
But because of the agent/brokerage split of 80/20%, 80% of 2.5% will be kept by Nicole, which comes down to 2%. The rest of 0.5% will go to brokerage. Earning these percentages, the agents on Selling Sunset are able to lead lavish lifestyles, which are explored throughout the series.
What are the most expensive properties sold in Selling Sunset?
We’ve seen the Oppenheim agents trying to sell several expensive properties. The costliest ones include:
1021 North Beverly Hills Drive LA – $75,000,000
8408 Hillside Drive, Hollywood Hills – $40,000,000
1975 Loma Vista Drive, Beverly Hills – $12,490,000
Beverly Grove, Hollywood Hills – $10,690,000
1233 N. Doheny Drive Los Angeles – $9,750,000
It will be interesting to see if Selling Sunset Season 7 brings in a few more that go higher than the aforementioned properties.
For more Selling Sunset updates, find out if Brie is still at the Oppenheim group. Also, find out if the series is scripted.
