Institutional Level Commercial Brokerage Fees
Regarding larger multifamily investments $20M and higher.
I recently spoke to some commercial brokers who were receiving flat commissions ($100-$200k) from institutional players to sell large commercial property deals instead of the 3-5% commission that I see for $5-$10m dollar deal size that I typically look at.
Can any institutional investors on BP speak to that? I'm sure many agents will be inflamed but I'm just curious if this is true.