There is no standard fee in the US. Fees vary by location and state and are always negotiable. In some markets, with a lot of vacancy, the broker is paid by the landlord for bringing him a tenant. In markets with low occupancy, the broker may charge the tenant a fee for finding him an apartment/house. real estate brokers are barred by antitrust laws from setting fees in a uniform manner.
It depend on the quality of the house person buying
The breadth of the answer required to address such a broad question is enormous. If you are this "green" your best bet is to hire a commercial real estate broker (you won't pay their fee, the lessor will)....they can walk you through the process. They are NOT a substitute for a good commercial real estate attorney...a must to protect your interests at lease
Flat fee MLS listings are real estate sales where the broker receives a flat fee for the sale of the house instead of getting a percentage of the sale. It is a service offered by a number of real estate companies.
No, lenders are not permitted to pay referral fees to real estate brokers. It would be a violation of RESPA.
Can be as low as 1.5% or as high as 7%.
Yes, brokers may have the authority to charge an additional fee for drafting real estate contracts, but this authority can vary depending on the specific agreement between the broker and the client.
Advertise it on different FSBO sites. you can pay an online real estate broker a small fee to list the property on the MLS. I've done this.
realty; real property; land; fee simple estate
Ownership in fee simple is the highest form of real property ownership.
Fee Simple
the commission belongs to the broker not the agent; question should read "WHAT PERCENTAGE OF THE BROKERS COMMISSION GOES TO THE AGENT" It varies from brokerage to brokerage, depends upon the broker -agent contract, could be 50% or less or could be a flat fee.
Typically if it's not an in-house agent of the lender, it's either a mortgage banker or a mortgage broker.