I was heavily involved in the renovation and am relatively familiar with the construction side.Our plan is to hold this property for long term and then wait for a couple of years to add more to the portfolio. 

Here is what one of my 4 AIs say:The commission structure detailed in the image for a real estate transaction involving a property valued between $30M and $40M is as follows:Under $34,000,000: 1% (0.50% per side)$34,000,000 - $34,999,999: $400,000 ($200,000 per side)$35,000,000 and above: $500,000 ($250,000 per side)To evaluate whether these commissions are fair for a 112-unit apartment complex valued between $30M and $40M, let's compare them to typical real estate commission rates for large commercial properties:Typical Commission Rates:For commercial real estate transactions, commissions generally range from 1% to 3% for properties valued above $10M.

Hello BiggerPockets,I’m Jess, and I can't wait to get involved with this community.

Heck, we see it on the forums (and in social media) all the time and it does not even involve big words. 

Hey your agent involved to get answers to the questions and speak directly with seller / sellers agent

That said, since I'm not actively involved in it myself, I may not be the most credible voice on the topic.

All the DMs from agents, licensed real estate and a few from disposition (something involving wholesaling??) 

I'll look through my old records as I was involved with other discussions about this.

If so, can anyone in this market give me any examples of recent deals they have been involved in which hit the 2% Rule?

That is the size claim where I would want one involved if it were me.