Is it common to sign an agent-buyer agreement in commercial RE?

[Guy Idan]

Hey.

I'm looking to buy my first multi-family 16-30 unit deal and as I'm learning along the way a lot of new things, wanted to ask if it is a common thing to have an exclusive buyer-agent agreement for CRE deals, and also if it is common that the buyer pays the commission (3%) for the agent, rather then the seller as it is in residential deals.

Thanks in advance!

[Charles Seaman]

@Guy Idan It is common if you're using a buyer's agent.  Many people on the commercial side do not use buyer's agents because the seller's agents control the deal flow.  However, it's rare that agents co-broke deals in the commercial space, so if you're using a buyer's agent, then you should expect to compensate them for their work.