Going real estate agent rate in southern california, commercial lease? - commercial lease, commision 4% 1.75%net
Hello,
We believe that when hiring a commercial real estate agent to sublet.
Please can someone explain how the Commission is broken? If I understand correctly, is a% of full lease (either .. it is 7000 per month, 5 years ... which is 420,000 and receive% of).
Moreover, what is the current interest rate in Southern California?
Thanks
Saturday, February 6, 2010
Commercial Lease, Commision 4% 1.75%net Going Real Estate Agent Rate In Southern California, Commercial Lease?
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1 comments:
My understanding of this calculation is correct. Commission is usually calculated as a percentage of base rent (excluding MAC and other expenses) during the remaining term of the lease.
Commissions market in Southern California are currently 4% to the listing broker (you) if the tenant did not represent a broker. If you are under-represented the tenant, should the market by 2% to dictate to your agent for more than 4% to the agent of the lessee.
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