CA Commercial listing agreement: AIR CRE

[Lin V.]

Hello All,

I would like to list commercial property for sale in CA. My listing agent gave me a listing agreement by AIR CRE and I would like to know (1) if I have received the right listing agreement contract. 

I would like to know what are the differences between : A) EXCLUSIVE RIGHT TO REPRESENT OWNER FOR SALE OR LEASE OF REAL PROPERTY (the contract I received )

and B)   LIMITED LISTING AGREEMENT FOR SALE OR LEASE OF REAL PROPERTY

I am afraid to sign it without understanding fully.  My goal is to have him list the property and I would:

- pay him 5% commission of total purchase price if he find a buyer, representing both buyer and seller

-or split the 5% commission with the buyer's broker 50/50 if another broker representing the buyer approach him to offer and buy the property, such that my listing broker would get 2.5% and the buyer broker would get 2.5%. 

I would like to confirm that (2) the listing agreement does not mean that only my listing agent could exclusively represent both the buyer and the seller. 

Also the contract stated that: Owner shall pay Agent a commission in the amount of 5% of the total purchase price. (3)Does that mean the listing agent will get all 5% in all situations ? 

(4) And then in addition, will I need to pay buyer's broker 2.5%? Because I have asked him to advertise in the listing  CSO: 2.5%

Another question (5) is 5% commission common for commercial property selling price about $5M

Thank you