Is there a commission to be paid after selling a previously listed commercial property?

Is there a comission to be paid when my "listed" commercial property sells or leases?
In Leasing Property - Asked by Bud C. - Jan 1, 2013
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Reginald F.
Corporate Investor
San Diego, CA


Jan 3, 2013
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Jeffrey T.
Los Angeles, CA

It depends on the "drag net" clause or "registered persons" provisions contained in the listing agreement. The Listing broker is usually required to register the parties 5 or 10 days after the lsiting expires and the time limit to consumate the sale may range from 90 days up to 1 year. The registration only applies ti entities actually procured by the broker.
i hope this helps. JT at Daum Commercial

Jan 7, 2013
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Larry C.
Atlanta, GA

Bud, what are the transaction details? Commissions are negotiable & brokers maybe protected for a period after the closing or lease execution.

Jan 7, 2013
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