Paying Brokerage Fees For Off Market Deal

[Taylor Dasch]

Hello, I recently purchased an investment property in my LLC. We have already closed and everything and I was told after that I still owe a brokerage fee. I didnt think that I would owe anything as it is not in my name and I didnt use any brokerage resources. When I google it, I get a lot of un-related results. Can anyone help with this? Is it normal to pay brokerage fees for a deal that you purchased in an LLC?

[Brandon Vukelich]

If I follow the issue correctly, sounds like you made a personal/investment purchase but still processed (uploaded docs, etc) the transaction through your company where you hang your license, correct? Whether in your name or LLC, or on/off market, may or may not be relevant. If so, your agreement with your firm should detail any exclusions to personal deals or not. Here in WA, we have an Independent Contractor Agreement that agents sign with their office. Each office dictates as it seems fit when it comes to an agent's personal deals. Some may say zero fees, some may have a minor transaction fee and others may charge more. My previous office allowed for personal investment deals to be excluded from fees but the agent had to be a member of the LLC in the deal. Hope that helps.