Institutional Level Commercial Brokerage Fees

[Jason Mak]

Regarding larger multifamily investments $20M and higher.  

I recently spoke to some commercial brokers who were receiving flat commissions ($100-$200k) from institutional players to sell large commercial property deals instead of the 3-5% commission that I see for $5-$10m dollar deal size that I typically look at.

Can any institutional investors on BP speak to that?  I'm sure many agents will be inflamed but I'm just curious if this is true.