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Updated about 4 years ago,
Brokers fees on Multi-Family - who pays?
Newbie here so apologies if this is too basic. I am looking at a small multi-family property and the numbers forwarded to me have the buyer (potentially me!) paying my broker's fee. I am in Texas and at least in single-family, the seller pays all broker fees.
What is the norm in multi-family? Does seller usually pay all or is it very common to split broker fees, e.g. seller pays his broker, buyer pays his broker? Can those be rolled into closing costs/mortgage?
Would welcome your feedback and experiences.