Broker commissions on land deals?
Hello, I have worked in acquisitions as a consultant for a variety of developers for 4 years doing everything from buying land for data centers in the Midwest to Multifamily land in Georgia.
Everything I have bought has been as a consultant, and everything has been off market.
Due to this, I have spent little to no time working with brokers and am fairly unaware of what their fees look like.
I have had my RE license for a while and a contemplating starting my own brokerage so I can list properties.
Could y’all fill me in on some commission examples on the below?
Entitled land?
Non-entitled land?
Multi-family vs. SF Residential vs. Indsutrial?
Are all CRE brokers listing land splitting commission with a buy broker? I have heard some shops don’t like to offer a buy-side commission as they have a pool of buyers in their databases and don’t see the need to share commission.
Do larger firms (CBRE, JLL etc.) tend to charge higher commissions than smaller shops?
Thanks for the info!
Very curious about this as well. I see 4-6% fees for land deals, what the industry standard is though. I know on non-land deals buyer brokers are often hated, but seems to be a different sentiment in land deals?im talking about land deals sub $5 million per deal .
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