What's standard broker commission rate for bring a buyer to buy a commerical property in New York area?

I'd like to know what the standard broker commission rate if I bring a buyer made a deal on a commerical property in New York area, thanks!
In Buying Property - Asked by Lily L. - Jan 27, 2011
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Answer(s)

Gene G.
Broker/Agent
Houston, TX

Lily: I do not work in NY but in Texas the buyer's broker commission received is a negotiable matter between the brokers. If you start with the assumption that a seller's commission (depending on size of transaction) can be anywhere from 4 to 6% of the final sale price, the brokers can then negotiate a way to divide that commission. Not a standard, but probably a guideline is that the buyers broker will earn around 50% of that, or 2-3% of the sale price. Now if the seller does not offer a commission or you can not negotiate a satisfactory deal with the sellers broker, you can always go back to your client provided your representation contract allows it. Having said that, you are in NY, and if in NYC, it may be an entirely different story. Good luck.

Jan 27, 2011
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linda w.
Listing Administrator
Cleveland, OH

WELL! actually the art of each sale is a contract agreement of who

Jan 29, 2011
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Christine N.
Broker/Agent
Hamburg, NY

It sometimes depends on the size of the transaction. (Small store front lease or commercial long term lease or purchase of a small building or sale of a large shopping mail) I would need more details.

Jan 30, 2011
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Christine N.
Broker/Agent
Hamburg, NY

It sometimes depends on the size of the transaction. (Small store front lease or commercial long term lease or purchase of a small building or sale of a large shopping mail) I would need more details.

Jan 30, 2011
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Lily L.
Broker/Agent
New York, NY

The asking price is about 5millions, and it is off the market, so if the owner agreed to pay 2% commission, can I also ask buyer to get another 2%? Thanks!

Feb 1, 2011
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