How are Commercial Real Estate Brokers Compensated?
This is a common question. Listing agents generally enter into an agreement with the building owner. The commission the seller is willing to pay is outlined in that agreement. The percentage of commission can be based on a number of factors. Usually the listing agent and the buyer agent split the commission. Sometimes a client will ask their agent to contact a building owner who doesn’t have the building for sale. In this situation, the buyer may pay the entire commission.