Broker Fee for Multifamily Portfolio

[Sas S.]

Hi,

I know this is a question that doesn't have a simple answer, but I'm trying to find out what a "reasonable" broker fee (from the Seller's perspective) would be for a large multifamily portfolio.

Assume about a dozen Class A properties valued at about $330 million in the South. What would a reasonable fee be if this were marketed and sold as a portfolio to one buyer?

A range of values is fine...I'm just hoping to get some context.

Thanks!
Pano