The range of commissions in this area of Hollywood is 2.0 - 3.0% for both the listing and selling agent (except in rare, outlier cases.) I would allow at least 2.5% commission for each side to remain competitive with the many other multifamily properties for sale in this neighborhood.

Jamie
--
Jamie Adner / Broker Associate
Adner Realty Group, Inc. at
Keller Williams Realty Hollywood Hills
License #01716093
tel: (323) 819-2240
email: jadner@kw.com

As an owner of a commercial and residential brokerage, and having listed and transacted a number of commercial properties, including multi family, let me reassure you that there is no such thing as a standard commission. Commissions are negotiable between the seller and the listing brokerage. It is entirely up to you what you want to pay after the listing broker informs you of their marketing plans for your property, the level of service they will provide and the commission they expect.

If your property has 5 units or more you will need a commercial loan for the buyer to close the deal, unless you get an all cash buyer. Commercial loans are property specific as well as buyer specific. The loan terms that apply to one buyer may not apply to another. This is where you need the expertise of a commercial broker. When you interview brokers do not hesitate to ask for details of multi family properties that they have listed and sold.

If you have any other questions do not hesitate to ask.

Bob Khalsa
Broker Owner
Certified Commercial Investment Member
United America Realty
213-926-5847

Dono,

There is no reason why you should pay more to list a multi family over another house unless they are doing something extra. You will find a lot of commercial brokers like to list it in house and not market to other real estate companies. Find someone who plasters it out there. All too many times have I called on commercial listings saying I have a client and the broker does not want to disclose nor offer a co-op when they are charging a ton to the seller. Why hide info?

I have commercial listings here in PA that I offer my co-op 50% of my commission. Sharing info is what closes deals. If a residential agent brings a buyer and needs help answering questions, I do the work to close the deal. No reason why they cant learn something and go beyond their niche to make a deal happen.

Shoot me an email with what you have to sell. I am over on the other coast so its not like I am trying to list it or get your contact info. And im not trying to get info so i can refer it out.

Just want to see what it is and give you some questions to ask these realtors before listing.

email me at sean.dawes@lnf.com if you want


Sean Dawes

Dear Dono,
Commissions are generally higher for Commercial Real Estate, (units over 8). You do need an agent that works in Commercial for Multi Family Sales. We have the buyers for this type of Property and the ability to market them and sell them successfully.

Commissions are not suppose to be discussed like this. You will not have a realtor chime in and give you a specific % as they can get in trouble.

I would go under the find a pro feature on trulia which is located under the advice and opinions section and email some of the top agents on there and interview them and see what they would charge. Just remember all commissions are negiotable but you wouldnt go to a dollar store for legal advice so take that into consideration when hiring someone to get you most for your home.

If you need a neutral party to help you come up with questions to ask them, drop me an email at sean.dawes@lnf.com and I would happy to help out.


Sean Dawes