Ask Your Question
1

What is a typical commission when auctioning a commercial property?

asked 2012-03-19 12:23:42 -0500

PeteSIOR gravatar image

I have a seller that is considering auctioning off his property. What type of fee should he expect to pay?

edit retag flag offensive close delete

1 Answer

Sort by ยป oldest newest most voted
0

answered 2012-03-29 14:27:44 -0500

The auction companies that I have worked with have not charged the seller a fee. Sometimes they ask for an upfront marketing fee but usually the commission is paid as a buyer's premium. The buyer's premium will most likely range from 8-12%.

edit flag offensive delete publish link more

Your answer

Please start posting your answer anonymously - your answer will be saved within the current session and published after you log in or create a new account. Please try to give a substantial answer, for discussions, please use comments and please do remember to vote (after you log in)!

Add answer

[hide preview]

Welcome

askCRE is a collaboratively edited question and answer site for commercial real estate.

Subscribe

You can subscribe to questions a number of different ways. Choose your preferred method.
Register for Email Alerts
RSS Feed

Question tools

Follow

subscribe to rss feed

Stats

Asked: 2012-03-19 12:23:42 -0500

Seen: 22 times

Last updated: Mar 29 '12