What would be a fair commision % on sale of commercial property in Mebane,NC

In Selling Property - Asked by John P. - Jun 22, 2011
Report Abuse
Answer this Question

Answer(s)

Rob B.
Chandler, AZ

It doesn't matter where the property is located. The answer to your question is that by law all real estate commissions are negotiable.

The negotiation on a fair commission begins with the quality of the property, the size of the asset, the reasonableness of the pricing, the "hot button" features on the property that can be stressed, the cost of marketing, and the other things that make one property more desirable than other properties. It also helps to be the first, with the most to offer, that connects with the owner and to know what your competition has to offer in a particular area.

Be sure to make the commission worth the work that you are going to have to put into the sale of the property. If you and the seller decide it is a fair commission, then it surely will be.
Onward and upward John.... Rob Baird
Commissions can range

Jun 22, 2011
Report Abuse
Jordan H.
Broker/Agent
Columbia, SC

some listings we take have flexible commission splits where the rate goes down as the sales price goes up. So assume 7% for improved properties between $500,000 and $1MM and then go down to 6% for $1MM to $2MM, etc. Keep in mind your listing broker is going to market the property to cobrokers, which bring a high percentage of buyers these days, by splitting the commission. So, in most cases your listing broker isn't getting rich.

Sep 12, 2011
Report Abuse

Welcome to Answers

LoopNet Answers is where the commercial real estate community shares what they know to help each other out. And it's all for free.

Ask a question to get advice from brokers, investors, professionals and local experts.

Answer questions to raise your visibility as a trusted advisor and build new relationships.

Ask a Question

Post Question