Commercial broker fees

[David Finley]

Has anyone ever heard of a commercial broker charging 10% to list a property? I had an agent reach out to me about wanting to list a property because they have a buyer for it but they wanted me to sign a contract to list it with them and the fees would be 10% at the time of the sale. I thought that was highway robbery since they already have the buyer so the fee would not be split with another agent. 1.5 million dollar property.

[Frank Procopio]

That is crazy. We typically get 6. If we sell it ourselves we charge 4. If we didn't have to list it and had no advertising fees etc we could do it even lower