I have a NNN property with a single national credit tenant. I've been quoted by two sales brokers who would list my property for ~$5M with a commission of 2% if they sold it alone or 3% to be split 50/50 if they co-broke. Is this a fair commission in NJ? Are there any other commission structures you've seen for NNN properties around 5M?
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Seems fair to me.
For that price range, it's fair.
very fair
Wait… you pay more if the guy you hired can’t actually do the job and co brokers?
Maybe an investment sales vs d/e brokerage
Correct. It's also true in leasing. Sometimes the listing broker will quote you 5% commission on all rents collected for the term of your lease, but if the broker bringing the tenant is a quality tenant, they'll want a full commission of 5% as well (but you'll decrease the listing broker's commission by half)
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