What is the typical real estate commission on a $10,000,000 deal?
I have sold a number of office properties in the $10-$15M range, so commercial rather than residential. In the commercial sector at those price ranges I would say 2–4% is the listing fee range. My fees were mainly at 3% for my listings. One deal we had a buyer’s broker from inside our firm bring a buyer and we split the listing fee with the buyer’s broker 50/50. A lot of commercial/ investment sales brokers do not cooperate with buy side brokers. Sometimes commercial listing brokers may cooperate with buy side brokers but my offer a flat 1–2% of the fee, versus a 50/50 split. If you are representing a buyer and bring them to another brokers listing. Reach out to broker and ask about cooperation upfront. They may have little to no intention of cooperating with other brokers.
What commission should I expect to be charged if renting through a real-estate agent in Boston?
The standard real estate brokerage fee for the Greater Boston area is one month's rent. This can be paid in full by the tenant, the landlord, or split between them in some fashion. Given the current low vacancy rates and lower rental supply, the responsibility for the fee usually falls on the tenant. The real estate brokerage fee is always technically negotiable, and is never set in stone, however almost all the brokerages in Boston utilize a "fee disclosure" that states they are entitled to collect a fee equal to one month's rent for their professional relocation services. I would always encourage a potential tenant to ask their agent the feasibility of submitting an offer for a property where 1/2 the fee is being paid by the landlord. Worst case scenario, they will tell you it is not feasible. Is it worth 3 minutes to potentially save hundreds of dollars?
What is the typical commission split between a commercial real estate agent and their brokers?
Commercial brokerages seek experienced closers with industry experience.New agents may start at 50/50 until they have attained the knowledge necessary to confidently take a deal from start to finish. Even after that, some firms do not change the commission structure at all.I would venture to say that most brokerages have the commission set on a sliding scale from 50–80% (to agent) based on experience, knowledge and number of closings the agent has achieved.
Commercial Real Estate as a career....advice please!?
If you are going to be a real estate agent then work your way into a real estate broker if you want to own your own real estate office, then that is the career you should go into. If you decide to go into the lending career, become and expert in lending, you need a sales license followed by a loan broker's license if you decide to open your own mortgage company. If you want to get into commercial real estate then by all means you should get that designation, but if not what use would it be to you? There are a few real estate companies that have a duel agency where you can sell a house as well as be the loan officer and obtain the mortgage loan. I personally do not recommend this type of agency as too many things can happen and none are good when you handle the entire transaction. But this is an option no matter my opinion. You need to establish yourself as an expert in a certain career field, not go around and collecting licenses. They do not pay your bills. What they do is require you to attend many classes for continuing education because you need to have so many classroom hours to keep each license, therefore in order to get them renewed you would have to have proof that you have the correct continued education There are many designations that you might get just keeping your real estate sales license. You will learn them as you go down the career field in which you decide to follow. I see more people attending classes than they are doing the jobs they want. The reason is they are sitting in classrooms or in front of a computer getting those requirements out of the way. If you get all those license the only thing you will be running to are classes to maintain them in continued education. If you have an appraisal license, you could not do the appraisal for a house you were selling or have a buyer for as that would be a conflict of interest. Once a person has obtained a real estate license he can work under the direction of a real estate broker, learning the trade of the game as well as networking, getting to be known. Now after being in real estate or the mortgage field for awhile then you might consider going into the other side. I hope this has been of some use to you, good luck. "FIGHT ON"
Can a realtor list their own property as a rental on MLS?
Absolutely a Realtor - Broker - Sales Agent can list their own property on the MLS. BUT you MUST disclose it. Its just sticking to our Ethics as agents within the industry. Imagine, even if allowed to not disclose… Its Pretty shady to find out after the fact.
What is a typical commission (dollar amount or percentage) paid to a commercial real estate broker on a $10,000,000.00 property sale?
Try this:$1 – 3 million = 4 – 6%$3 – 7 million = 3 – 4%$7 – $15 million = 2 – 3%$15+ million = 1 – 1.5%The best thing to do is start on the low end (even half a point less for deals under $15M) and see what the broker says. Hungrier brokers may take your deal, while more sophisticated and experienced brokers will rightfully ask for more. So long as you’re within normal range, you’re fine.Also, you get what you pay for - more experienced brokers will work with you well after you sign the purchase and sale agreement, all the way through to closing. He/she can help you with pro forma and cash flow analysis, coordinate inspections, help you gather information from the seller to assist with title and financing, and even help you understand how your bank’s interest rate may impact your cash-on-cash after you own the property.It’s okay to pay a little more commission to a broker that won’t lose interest in the deal right after you sign the PSA, but don’t assume your broker will just because you paid a little more. Know your broker.
What are typical commission structures for commercial real estate leases?
The typical structure on a retail property is 4+2. What this means is if you are the listing broker and you lease the space yourself you receive 4% of the gross lease amount recieved in the primary rental period by the landlord. If there is another broker involved, there is a 6% commission that is split 50/50 with the tenants broker.Example: tenant signs a 10 year lease renting 2000 square feet and paying $15 per square foot year 1–5 with a 10% rental bump in year 6, ie $16.50 year 6–10.$15 x 2,000=$30,000 x 5= $150,000$16.5 x 2000=$33,000 x 5= $165,000Gross rent= $315,0004% x $315,000 = $12,6006% x $315,000 = $18,900 / 2 = $9,450 due each broker
What can I hunt Feral Pigs/Hogs with in Florida?
So your not from Florida ? First thing to know is that there is a hunting season for Hogs on public hunting areas. However, where they occur on private land they are the property of the landowner. Much like Texas though, good luck with that unless you want to pay $1000 per person to sign a lease. A .22LR is what they use at a slaughter house and properly placed head shots only. Most hogs here are feral hogs, just little piggies. However, there are some Boar crosses, and real Boars here. You should be using a .243 minimum. Most simply use a shotgun with rifled slug. One of the best most used rifles is a simple .30-30 lever action when using a rifle. .357 Magnum is about minimum for a handgun. Certainly not, a 9MM or .45 ACP, using those is simply far to inhuman. There is a disgusting video I once saw on youtube of a guy trying to use a .45ACP. (pretty terrible) The hard part here is find land to hunt on. That comes at very high cost once someone knows your interested. Do be warned ... Florida is policed unlike most other states. Cops / Wildlife cops and snitches are EVERYWHERE. It is a felony to enter private land with a firearm. ( whether that land is marked or unmarked, still private owned )
What is the typical percentage in regards to a commercial property for sale for a real estate agent?
I’ve had experience working commercial real estate transactions of all kinds (land, retail, commercial, multi-family, hospitality) over the last 20+ years and for the most part, 5% is what we’ve received as commissions, regardless of transaction size, property type or transaction type (see exceptions below). This is for both sale and lease transactions. For lease transactions, the commission was based on the net-lease amount (not including adjustment rent, shared expenses, CAM, etc.). For sale transactions, commission calculated on the purchase price only.If there is a second (3rd party) agent involved, representing the other side in the transaction (buyer/lessor), the split has typically been 40% to buyer’s agent and 60% to listing agent. Sometimes we would be able to negotiate deals where ‘if another agent brings buyer to the deal the commission is 6%’ and we’d split that either 50/50 or 60/40.Every listing contract is negotiable, and every offer to the table from a 3rd party might ask for different commission terms than are contained within the listing agreement. As such, there have been exceptions where we’ve received less and exceptions where we’ve received more. Seeing another answer where someone received 10% is something I wish I had experienced personally. The most I’ve ever seen is 7% and I’ve seen as low as 1%.The 1% deals were extremely large transactions requiring little agent work. These were deals to lease warehouse space in the million square foot range throughout the US, representing the leasee. We’d find the space, open up negotiations and then the client’s legal counsel would take over so our role was very limited.The 7% transactions were those we knew were going to be difficult to sell/lease due to marketplace conditions. We’d ask for larger commission to either 1) entice buyer/lessor agents to bring their clients to the table or 2) invest more into marketing the property over a longer period of time than we would consider typical in the market.