asked 2012-05-29 08:18:46 -0500
Anonymous
I am searching for retail sites for redevelopment on behalf of a buyer, and a property owner that I cold called said he wasn't interested in selling however he would consider a joint venture on the redevelopment of the site. How are commissions best structured on joint venture deals, when no sale of real estate is involved? Thank you.
answered 2012-05-29 15:43:21 -0500
There are a few ways I have seen this handled:
1) A deferred commission based off on the market value of the land.
2) A small equity position in the project for the broker.
3) A discounted commission on the land with the promise of the future leasing commissions of the retail.
answered 2013-01-20 06:07:01 -0500
If the JV is structured as a stock sale then get an SEC license. Otherwise if a % of Fee Simple transfers, take a commission of the full value on which the JV is structured. Also, come up with any number of ideas to be compensated. Flat fee maybe?
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Asked: 2012-05-29 08:18:46 -0500
Seen: 75 times
Last updated: Jan 20
