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Updated over 10 years ago,
Buyer's broker commission?
On smaller multifamily transactions, say less than $5 million, are buyer's brokers ever part of the equation/eventual commission, or is it similar to how the game works on larger deals?
Typically, large multifamily deals listed by the major national brokerage firms agreements forbid a buyer from bringing a buy-side broker to the table and if they do allow they usually say that the buyer is responsible for paying the broker themselves and the seller will not.
Is this typically how it works on the smaller deals as well? If a broker helped a client locate a $2 million apartment deal, does a selling broker often split commission with a buyer's broker similar to how it's done in single family?