The commerical property is off the market, if I bring client to buy this property, who pay my broker commissio

I'm commerical broker, there is building that owner wanted to sell, but it's off the market. I'm going to bring some protencial buyers, so if one of buyers bought this building, who usually should pay my borker commission, is the buyer or the owner?
In Buying Property - Asked by Lily L. - Jan 27, 2011
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Answer(s)

David K.
Broker/Agent
Port Coquitlam, BC

I always have my CLIENT - in this case it would seem to be your Buyer - agree to pay my fee. Once I have an Exclusive Buyer's Agency Contract in place with a minimum payment expctation I'll also approach the Seller to cover the fee - that way the Buyer would not have to pay it. Either way the fee normally comes from the sale proceeds, and the price negotiations will include the commission.

Jan 27, 2011
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Rob B.
Chandler, AZ

Lily....This could be a fine opportunity. In the end reckoning, the commission will be paid by the Buyer, as Seller's typically build the costs of sale into their list price. However, it would be my personal strategy to enter into a Buyer's Representation Agreement with the Buyer, whereby you would be paid an agreed upon commission by the Buyer. Then you can completely represent the Buyer in terms of the Buyer's offer to the owner of the property. This allows you to do comparables on what other properties of like kind and in the same sub-market area and offer some professional guidance to your client. However, if the Buyer is insistent that the Seller should pay the commission, simply write an LOI that will stipulate the commission amount to be paid to you by the Seller. Good luck Lily.... Rob Baird, CA RE License #544165 (One of the oldest, active licenses in CA) 951 515-5855 Email: rob@capratecommercial.com

Jan 27, 2011
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Joe I.
Broker/Agent
Anderson, OH

WHAT EVER WORKS FOR THE BUYER AND SELLER AND AGENTS COMPANY......

Jan 31, 2011
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