Stuart Siegel, CEO of Engel & Völkers, said his firm treats teams as their own businesses that just happen to share a brand with the parent company. Once a team makes a sale, the commission goes directly to the team leader. It’s up to that leader to determine how to distribute it.
"Paul Gavriani and Vincent Falcone are exemplary brokers whose creative, client-first approach has yielded consistent results year after year," said Stuart Siegel, president and CEO of Engel & Völkers NYC. "We welcome the entire team to Engel & Völkers NYC as we continue to grow our roster of best-in-class brokerage services to clients throughout the city."