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Updated over 4 years ago,
Broker fees for split-owned commercial deal
Hi everyone, (very) green newbie here: I have the opportunity to get into a commercial deal for a MOB. We would be tenant-owned (medical practice) but essentially are buying 50% from the current owner who owns it outright. The deal is almost done but the seller is asking us (buyers) to cover the broker fees. As a total newbie I know there are certain different arrangements that can take place but the seller traditionally pays broker fees. Are there any other factors to negotiate with rather than covering broker fees? We also would rather not roll the cost into the price of the asset. Thanks everyone!