selling business long with the real estate

[Martin Z.]

If a commercial broker only does real estate, but their client wants to sell their business too, does the agent work with attorney to cover the sale of business aspect?

[Joel Owens]

Business brokerage. Typically on the sale of a business it is 10% fee.

So if business sold for 300,000 then 30,000 to business broker unless a split between buyer business broker and seller business broker.

The commercial building component is a different commission structure. Usually 5 to 6 percent depending on how larger the property is.

Definitely an attorney is used who is familiar with covering the sale of businesses for the legal aspects of the transaction. Generally when buying the business it is just the assets of the business. It is not the actual corporation because you could be taking on a bunch of unknown liability with the corp,llc,etc.