who pays realtor for commercial real estate in New york city?

Asked by kallimasia, Forest Hills, NY Mon Jun 11, 2012

does the renter pay or the owner of the building

Help the community by answering this question:

+ web reference
Web reference:

Answers

11
Elena Ravich, Esq.’s answer
Elena Ravich,…, Agent, New York City, NY
Sat Oct 13, 2012
it depends on the original listing agreement between the owner and the listing broker and percentage commission they agreed on. If commission is high enough to share between the seller and the buyer's broker, then the listing broker will co-broke, and the seller will pay commission to both.
It may happen that the seller pays no commission and preferrs that it will be the buyer's responsibility, or the seller may agree to pay only to his broker and not to the buyer's broker. In any case, it has to be fully disclosed to the buyer, who pays commission, the buyer or the seller and what percentage of the sale price it is.
0 votes
Michael Druc…, Agent, New York, NY
Mon Sep 15, 2014
In Manhattan, the commission is paid by the landlord.
0 votes
Enrique Wall…, Agent, Bronx, NY
Mon Oct 14, 2013
Its depends who is the Broker representing , Buyer or Seller .. Also what the agreement is between both parties.
0 votes
Michael Druc…, Agent, New York, NY
Tue Jan 1, 2013
In Manhattan, the commission is ALWAYS paid by the landlord.
0 votes
Ella Chavers, Agent, New York, NY
Wed Jun 13, 2012
It depends on the individual situation in Manhattan.
0 votes
Jacques Ambr…, Agent, Forest Hills, NY
Tue Jun 12, 2012
For Manhattan, the owner usually pays. In Queens it varies
0 votes
Anna M Brocco, Agent, Williston Park, NY
Tue Jun 12, 2012
Ask your agent the question beforehand; generally the landlord pays, however situations exist where the tenant pays...
0 votes
Marco Gomez &…, Agent, Jackson Heights, NY
Tue Jun 12, 2012
Typically the owner pays the fee for a commercial rental, however in Queens we've always run into issues with landlords that refuse to pay and we typically negotiate that into the deal.


Regards,
Marco Gomez
NY State Licensed Associate Broker
Keller Williams Landmark II
Mobile: (917) 734-2012
marco.gomez@gmail.com
0 votes
Jenet Levy, Agent, New York, NY
Tue Jun 12, 2012
Typically, the landlord pays the fee in a commercial rental in NYC.
0 votes
Alexander Fu…, Agent, New York, NY
Mon Jun 11, 2012
The standard is the owner will pay the commission to the tenant's broker for office and retail leasing. A sublet or small owner may scoff at paying fees. It is however expected that the buyer compensate their own broker with regard to investment sales.
0 votes
Arthur Golden, Agent, New York, NY
Mon Jun 11, 2012
The norm is for the owner to pay the commission but just like residential, everything is negotiable.
I have found that smaller owners are usually the ones that list as CYOF.

Thanks,

Arthur "Ungie" Golden
Prudential Douglas Elliman | 1995 Broadway, 4th Fl | New York, NY 10023
C: 212.866.8717 | P: 212.712.6078 | F: 646.497.5476 | E: agolden@elliman.com
Commercial/Residential Sales and Leasing Services
0 votes
Search Advice
Search
Ask our community a question

Email me when…

Learn more