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Updated over 5 years ago, 06/17/2019
Why no buyer brokers in commercial real estate transactions?
I just found out that more than 80% of commercial real estate transactions have no buyer brokers. That means buyers are not represented or protected in commercial transactions!
Is there a reason for that? Is it because the buyer broker won't be paid a commission, so no one is willing to represent the buyer?
I know that in commercial real estate transactions, the listing broker is entitled to a commission of 6%, but will that be shared with a buyer broker?