The short answer
Engel & Völkers runs a licence model in which each shop is independently owned, with a premium and luxury focus; its terms are set by the licence partner. Summitly (Coldwell Banker Summit Realty) offers Coldwell Banker Global Luxury for premium listings plus Summitly's AI platform across every price point. Compare the specific shop's written terms.
Engel & Völkers: key facts
- Licence model in which shops are independently owned; about 6,000 advisors in the Americas. Source (From a February 2026 press release, seen via search summary)
Summitly (Coldwell Banker Summit Realty, Brokerage) vs Engel & Völkers, side by side
| Term | Summitly | Engel & Völkers |
|---|---|---|
| Commission split | Package A 95/5; Package B 90/10 (95/5 after $100,000 GCI); brokerage leads 50/50 | Set by each shop — ask the licence partner |
| Monthly & transaction fees | A: $200 + HST/month + $799 + HST on the first 4 deals a year; B: $125 + HST/month + $499 + HST on the first 4; a $500 brokerage minimum applies | Set by each shop — ask the licence partner |
| Annual cap | No annual cap — the package split applies all year | Set by each shop — ask the licence partner |
| Mentorship | 1-to-1 from senior brokers for every agent, no extra charge | Set by each shop — ask the licence partner |
Competitor facts are from the sources listed below, checked on the date shown; terms change, so confirm with each brokerage. "Ask us" means Summitly has not published that term on this site yet — we set it out in writing on request.
Who should choose Engel & Völkers, and who should choose Summitly
Choose Engel & Völkers if…
- You work primarily in premium property and want the Engel & Völkers shop model.
Choose Summitly if…
- You want Coldwell Banker Global Luxury for premium listings plus a platform that serves every price point.
- You want terms from one Ontario brokerage, in writing.
Luxury brand, and the book underneath it
Premium listings are won on brand and presentation, and they are infrequent. Most agents who build a luxury practice run a mixed book underneath it. Weigh what each brokerage gives you for the other transactions as well as the top of the market.
How to compare Engel & Völkers and Summitly fairly
- Ask both for the split, every fee and any cap at your realistic deal count — in writing.
- Add twelve months of fixed fees and per-deal fees to the split.
- Subtract what you would pay yourself for leads, marketing and technology one provides and the other does not.
- Check both on RECO's public register before you sign.
Brokerage Leads
We give you warm leads. Never shared. And we help you close them.
When someone contacts Summitly about buying, selling or renting, we hand the lead to one agent — you. Agents on the Leads Plan ($299 + HST a month, no transaction fees, 90/10 on your own deals) receive them: no charge per lead, 50/50 when it closes, and a senior broker to help you convert. We don't promise a number of leads.
- Warm: they contacted us first
- Not shared: one lead, one agent
- Leads Plan: $299 + HST a month, no transaction fees · 50/50 on close
- Coaching to convert, every step
Get Summitly's terms in writing
Comparing with Engel & Völkers? Tell us about your business and we'll set out the split, every fee and any cap for your production level — confidential, no pressure.
Engel & Völkers vs Summitly for agents: FAQ
Is Summitly good for luxury and premium agents?
Summitly agents have access to Coldwell Banker Global Luxury, the brand's luxury programme, alongside Summitly's platform for the rest of their business.
What does Engel & Völkers charge agents?
Terms are set by each independently owned shop and are not published nationally; ask the licence partner for the full schedule.
How do I move my registration to Summitly?
Give your current brokerage written notice; as your new brokerage we complete the transfer in RECO's MyWeb portal, within 60 days of the termination's effective date. Listings are held by your current brokerage, so moving one needs the seller's agreement — we plan the timing with you.
Sources
- Engel & Völkers Americas — media centre — checked September 25, 2026
- Coldwell Banker — about — checked September 25, 2026
- RECO — Public register of brokerages and agents — checked September 25, 2026
Summitly is the technology platform of Coldwell Banker Summit Realty, Brokerage, a brokerage registered with the Real Estate Council of Ontario (RECO), 310-3100 Steeles Ave W, Vaughan, ON L4K 3R1. Each Coldwell Banker office is independently owned and operated. Agents join as self-employed, commission-based independent contractors, not employees; terms are those of the brokerage's agent agreement, and fees are before HST. Verify any brokerage or agent on the RECO public register.
This comparison reflects Summitly's offering and publicly available, general information; brokerage and platform features, commission structures and terms vary by office and change over time — verify current details with each company directly. Summitly is not affiliated with, endorsed by, or sponsoring the other companies named. All trademarks and brand names are the property of their respective owners.
