what is Pct. Procurement Fee?

In Leasing Property - Asked by Bruce S. - May 27, 2011
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Answer(s)

Rob B.
Chandler, AZ

Bruce...
It depends on the context. However, in government contracts they are likely wanting to know what procurement fee is going to be charged in a competitive bid.
For broker-cooperative deals, there is the listing side and the buying or procurement side. I suspect the “percentage; procurement fee” is a question about what will the buyer's representative be demanding in the transaction. The additional question is who is going to be responsible for paying the procurement fee?
Onward and upward Bruce...

May 31, 2011
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Bruce S.
Broker/Agent
Edgewater, MD

Thank you for the answer, my question was about this term in Loopnet lisitngs

Jun 3, 2011
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