What is the average commercial broker commision rate in the Midland, Texas area?

In Leasing Property - Asked by Becky D. - May 5, 2011
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Answer(s)

Gene G.
Broker/Agent
Houston, TX

Average in leasing commercial property, I would guess it is between 2.5-3% of the primary term of the lease.
Listing brokers will usually strike a deal with the building owner on total commission(avg 4-6%) and then that number will be negotiated with the tenant broker/tenant rep so that each will take something from the transaction. If signing a contract with a tenant rep, they are aware of this setup and will most likely set their fee accordingly.

May 5, 2011
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bailey c.
Broker/Agent
Denver, CO

That depends on how hard it is to get your loan done. The less availability in lenders the more valuable the broker. Funds are scarce. If you have been turned down by the bank pay your broker and be happy.

May 8, 2011
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bailey c.
Broker/Agent
Denver, CO

P.S. You may want to check with the commercial broker's licensing department for your state to see if there is a 'cap' on what he/she can charge you. Commercial isn't regulated by the Fed the way residential is, so check with your state for regulations.

May 8, 2011
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