What would be a fair commision % on sale of commercial property in Boston, MA

In Buying Property - Asked by Seung Min K. - Jun 22, 2011
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Answer(s)

Rain H.
Broker/Agent
Lewisberry, PA

6-8% split between Listing Broker and Selling Broker/

Jun 23, 2011
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Aurelio M.
Broker/Agent
Torrance, CA

My thought is that if your listing is above $500,000 pay 5%, under $500k expect to pay 6%. If you have multiple properties to sell, insist on no more than 5%. Regardles, don't make the commission a deciding factor. Experience and track record are vital eliments.

Jun 30, 2011
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Jeremy C.
Broker/Agent
Reading, MA

Most Massachusetts commercial real estate brokerage companies will charge based on the dollar size of the sale. In our experience, we see fees reduced as the dollar amount grows larger, often times at intervals of $2M.

Jul 10, 2011
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Eric V.
Broker/Agent
Corona Del Mar, CA

Scale. $5MM and up is typically 3-4%, with languange to split. Under that would be 5-6%. Below $1MM you'd have to pass on the deal because even at 8% it's not worth your time - especially in Boston since cap rates is still holding stronger than submarkets outside. The ranges account for variables and how much hair is on the deal. In addition to the type of product, location, economics, and other moving parts that may decrease the saleability of the project.

Jul 28, 2011
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