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Today, Other/Just Looking in 91344

what is commission for commercial property?

Asked by Today, 91344 Mon Jan 31, 2011

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9
Anna M Brocco’s answer
Jonas, you are absolutely correct, below is a provision of the act, violations are considered felonies --
B: Monopolizing trade a felony; penalty

"Every person who shall monopolize, or attempt to monopolize, or combine or conspire with any other person or persons, to monopolize any part of the trade or commerce among the several States, or with foreign nations, shall be deemed guilty of a felony, and, on conviction thereof, shall be punished by fine not exceeding $10,000,000 if a corporation, or, if any other person, $350,000, or by imprisonment not exceeding three years, or by both said punishments, in the discretion of the court."
1 vote Thank Flag Link Mon Jan 31, 2011
Here is a quote from a "broker" on this forum

To Richard: With all due respect, you can run your business how ever you see fit.


ALL AGENTS PLEASE READ!!! Under no circumstances should a licensed agent or broker ever discuss commissions in a public forum. It includes every state, this is federal.... It is against the law, it violates the Sherman Antitrust Laws and you could face loss of license, fines or jail. An agent can quote commission to a potential seller on the phone, email, fax or in person. But can not discuss what others charge. the correct answer to this question is commissions are negotiable, each office has their own rate and more important what they offer for that rate. Please contact individual offices and simnply ask what they charge. So please review this question w9ith your broker or legal department before discussing commission in an open forum.
1 vote Thank Flag Link Mon Jan 31, 2011
Real estate commissions, commercial and otherwise are negotiable.
0 votes Thank Flag Link Tue Feb 1, 2011
Hi Today,

There is only one answer to that question and it is that commissions are always negotiable.
0 votes Thank Flag Link Mon Jan 31, 2011
It is certainly legal, and desirable to discuss this in an open forum. It is illegal to indicate that commission are NOT negotiable.
0 votes Thank Flag Link Mon Jan 31, 2011
Depends on the price range of the property - a higher priced property will command a lower commission, and a lower priced property will get a higher commission. The average is probably 4%-6% of the sales price, split between the buyer's and seller's agent.

If you want to discuss further, please feel free to call me anytime at 310-482-0173.


Richard Schulman
#1 Listing and Selling Agent,
Keller Williams West LA
310-482-0173
schulmanrd@yahoo.com
http://www.RichardSchulman.com
0 votes Thank Flag Link Mon Jan 31, 2011
Hi there!

As stated below it is a violation of the Sherman Antitrust Act to discuss in an open environment. You can ask a Realtor directly what they charge, there is no problem with that. I'm not in your zip code so my commission rate is irrelevant. I would call a local Remax office and ask to speak with someone who handles commercial transactions. Maybe speak with a couple different Remax offices if you want to get a feel for what local Realtors are charging.

http://www.infoplease.com/ce6/history/A0844878.html

I know this doesn't help you, but none of us are in the mood to loose our license today. :)

Jonas Mancuso
Remax / Lakeland
http://www.talktohouston.com
0 votes Thank Flag Link Mon Jan 31, 2011
It's negotiable.

Call a few companies to see what your local market will allow.
0 votes Thank Flag Link Mon Jan 31, 2011
All commissions are negotiable between you and your agent, there are no set standards as it would go against Federal Laws....
0 votes Thank Flag Link Mon Jan 31, 2011
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