That adds up to 90k in gross commission dollars. Smile, and get the deal done! Commissions are negotiable.
There is a similarly priced parcel of land in my community, where the listing broker told me they are offering 40% of 1% of the price, to buyer's broker. Sure, I felt disgusted about that low commission, but if it was priced right, I'd try to make the deal anyways, hopefully, with one of my clients who has agreed to compensate my firm and who signed, at least, a non-exclusive buyer representation agreement with some compensation for my firm. Nevertheless, even here if a deal was made, and if I could earn just that 40% of 1% of the price, ie 24k, I would try to get it done, even without additional compensation from my buyer client.
Jun 13, 2011