Who pays the commission; major chain had r.e.agent contact me.

I contacted a major chain directly. i am an owner manager. The exclusive agent for the chain called me back. Ifd we come to terms, does the chain pay him?
In Leasing Property - Asked by doug s. - Nov 4, 2010
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Answer(s)

Adam B.
Broker/Agent
Hyannis, MA

Yes the fee is most likely paid by the chain. Any other brokerage fees should discussed and disclosed prior to engaging in an offer/letter of intent with the broker whom contact you.

Nov 4, 2010
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Russell N.
Property/Asset Manager
South Yarmouth, MA

It can be paid by either party, but becareful because some brokers try to collect on both ends by saying they are a duel agent! In my experience if the Landlord is supposed to pay the broker commission we build it into the rent figure. It depends on what the Tenant's representation contract says, and it can also be negotiated before a LOI.

Nov 5, 2010
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Andy C.
Broker/Agent
Brownsville, TX

I'm real estate broker seller will pay for the commission

Nov 5, 2010
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Alan A.
Broker/Agent
Lansdale, PA

From my point of view, and I'm in the middle of many of these deals where retailers have brokers, the Owner/Seller/Landlord will be responsible for the commissions 80% of the time. I don't agree with the concept, but a lot of the brokers get their agencies by convincing the corporate client the commission won't be on them. In these times, Landlords are only too happy to get a deal and the won't let the commission be the tail wagging the dog.

Nov 6, 2010
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Don M.
Broker/Agent
Warwick, RI

National companys are generally represented by an agency that demands that the property owners pay them a full commission. It is difficult for us to ask for a full commission also, so end agreeing to half so they do not get beat up too much. Not quite fair to anyone except the Buyers rep who often will advise if they do not get a full fee they will not authorize the deal. Puts us all between a rock and a hardplace.

Nov 7, 2010
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