Broker fee for listing Multifamily RE in DFW

[Yali Jia]

Hi, 

We are ready to list the first small apartment (<2.5mil, DFW area) we own and do 1031, what is a reasonable brokerage fee? Is it similar to residential (6%)?

Thank you so much. 

[Brad Stegall]

We are just working to get a deal under contract that we are selling.  We called around to all of the local agents and offered them 2.5% if they could connect us with a buyer.  So we were doing more work than just listing it, but the agents we okay with what we offered.  Then we ended up finding a buyer on our own...no fees :)