As Maria pointed out, Brokerage fees, or commissions are not any set or fixed number. They are negotiable.
There are a number of factors to consider in deciding on the number.
Onr large factor is the amount and quality of service that is expected. For example how much marketing is expected by the seller and what quality of marketing is expected?
For example in a large land transaction, this could be land for a ski resort, a development for a vacation resort, a large commercial shopping center or large residential development, or a large commercial farm. The marketing for each one of these end uses will be very different.
The market, or potential buyers need to be identified. For example will they be end users, consumers or will they be commercial developers. We will need to identify what are the best sources of communication to reach the target market. For example is television, radio, magazine, newspaper,direct mail, internet, or some other method or methods the best way to reach the target market?
If the target market is end consumers for a ski resort or a lakefront vacation resort, the marketing materials and the methods of communication with the target market will be very different than if the target market is commercial developers.
The cost, the time and the effort that is necessary for that marketing will have a wide range of cost in both terms of time and money, particularly depending on what level of service is desired and expected. .
The amount of the brokerage fee that is expected will vary accordingly.
For more information you may reach me at my cell phone: (408)509-6218
Charles Butterfield MBA
Real Estate Broker/REALTOR
Cell Phone: (408)509-6218
Email Address: firstname.lastname@example.org