I am selling an apartment building FSBO, what is the best way to deal with realtors.

I am willing to pay a lower commission if a realtor brings a buyer. What would be the standard commission rate for them? I do not want an exclusive listing.
In Selling Property - Asked by Mary B. - Oct 7, 2015
Report Abuse
Answer this Question

Answer(s)

Deborah H.
Owner/Investor
Phoenix, AZ

Mary B. - I am interested in knowing what you have for sale, interested in buying. Please send me the information to Deborah Hicks / Email: dhicks654@hotmail.com.
Thanks,
Deborah Hicks

Oct 14, 2015
Report Abuse
Silver Commercial I.
Broker/Agent
Beverly Hills, CA

If the broker reps both sides many would agree to 2.5-3% commission. I don't know what area you live in though, it may be different, we are in Los Angeles.
I would definitely not represent yourself, it could cost you a lot more than a full commission. If you do, make sure binding arbitration on all parties is part of your PSA and to disclose all material aspects of the property promptly.

Oct 16, 2015
Report Abuse
Wayne C.
Broker/Agent
Silver Spring, MD

There are to many factors that could go wrong in a transaction. I thing representing your self if fair, just protect yourself.
Chris Wayne

Oct 17, 2015
Report Abuse
Nathan D.
Broker/Agent
Yucaipa, CA

Mary - I would advise advertising the property so you get the most exposure, more offers and higher pricing. However, the best way to deal with Realtors is you give them all the proper information about the property and offer them a standard commission fee between 2.5% - 3%.

Nov 25, 2015
Report Abuse

Welcome to Answers

LoopNet Answers is where the commercial real estate community shares what they know to help each other out. And it's all for free.

Ask a question to get advice from brokers, investors, professionals and local experts.

Answer questions to raise your visibility as a trusted advisor and build new relationships.

Ask a Question

Post Question