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Updated almost 7 years ago,
Appropriate sales commission on $3 million multi family block ?
What commission is typical / appropriate on a multi family block with a sale price of $ 3 million? This is in respect of an unsolicited bid received by the broker from a single party. There is no extensive marketing campaign or advertising needed: broker I bought through a couple of years ago has approached me to sell to an interested buyer she has identified and she is proposing 6%. I have the feeling this is on the high side for multi family transaction of this magnitude. Any thoughts?