One of the most common questions asked by clients is “How exactly does a tenant representation broker get paid?” Some may be surprised to learn that commission fees are a highly transparent and visible part of a real estate transaction.
In the United States, real estate fees are most commonly paid by the building owner to both the building listing broker and the tenant representation broker.
These fees are typically based on one of the following variables: the total rentable square feet lease, the total net rents of the lease, or on the sale price of the building.The fees are not fixed and vary for a variety of reasons.
It is important know that, whenever possible, it’s best to hire a broker that has fiduciary responsibility exclusively to you and your business in order to avoid conflict of interest and ensure the broker is focused on your best interests alone.
If you have any questions about tenant representation fees or any other real estate topic, please reach out to Rokos Advisors at info@rokosadvisors.com. We are happy to help.
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