Buyers Commission on larger $10M deal
Hi,
Not sure if this is the right place to ask, but figure I'd give it a shot. I have a client looking to potentially buy a $10M multi family apartment building.
I asked the seller agent what the buyer's commission is, and he said the seller is not paying buyers commission.
Is this common in these types of transactions?
If so, I am planning to work out a deal with the seller and agent to write it in the contract to get a buyer's commission.
Is 2.5% a reasonable commission percentage in these types of larger deals?