Commission When Buying Selling an Apartment Complex

[Brian Chu]

What are the commissions to agents in a traditional transaction on buying/selling a multifamily apartment complex (~20 unts). And in general, does the seller pay the buyer/sellers agent, similar to single family home transactions? Thanks!

[Steve Morris]

Well, that depends on what the listing agent can get away with, but at $2M, I'd think 4%-5%?

Usually 50-50 split if co-op, but if listing guy is a real a-hole, he can say he can't afford to pay the buyer's broker and you're on your own.