Is there a commission to be paid after selling a previously listed commercial property?

Is there a comission to be paid when my "listed" commercial property sells or leases?
In Leasing Property - Asked by Bud C. - Jan 1, 2013
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Answer(s)

Reginald F.
Corporate Investor
San Diego, CA

Yes

Jan 3, 2013
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Jeffrey T.
Broker/Agent
Los Angeles, CA

It depends on the "drag net" clause or "registered persons" provisions contained in the listing agreement. The Listing broker is usually required to register the parties 5 or 10 days after the lsiting expires and the time limit to consumate the sale may range from 90 days up to 1 year. The registration only applies ti entities actually procured by the broker.
i hope this helps. JT at Daum Commercial

Jan 7, 2013
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Larry C.
Broker/Agent
Atlanta, GA

Bud, what are the transaction details? Commissions are negotiable & brokers maybe protected for a period after the closing or lease execution.

Jan 7, 2013
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