New to Real Estate · Houston, TX · Member since 2019 · 10 posts · 0 votes
Newbie here so apologies if this is too basic. I am looking at a small multi-family property and the numbers forwarded to me have the buyer (potentially me!) paying my broker's fee. I am in Texas and at least in single-family, the seller pays all broker fees.
What is the norm in multi-family? Does seller usually pay all or is it very common to split broker fees, e.g. seller pays his broker, buyer pays his broker? Can those be rolled into closing costs/mortgage?
Broker fees are one of the items that are negotiable as with just about everything in real estate. Typically, the seller pays the broker fees. Depending on how many other offers and how competitive you want to make your bid, you could offer to split the fees or pay them all in order to make your offer more appealing to the seller.
You should be able to roll those fees into closing costs. It will just mean you will be paying higher closing costs as the broker fees typically are the largest part of the sellers closing costs.