Off market commercial real estate transaction question
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[{"id": "igt9ywj", "text": "not necessarily.  it's whatever the parties agree to.  if there's concern of a broker/agent being involved, you'll need an agreement indemnifying you (if buyer) that seller is responsible for any and all claims of commission due.  of course, you the buyer, need to warrant you have not dealt with any broker/agent on the transaction.", "replies": [], "depth": 1}, {"id": "igtk46s", "text": "yes. I can't imagine a lawyer agreeing to a percentage based fee arrangement for doing a RE closing nor a client dumb enough to agree to such a thing. It should/would be hourly or by an agreed up front flat fee. And attorney ethical rules also impinge on an attorney's ability to charge a percentage for certain things.", "replies": [], "depth": 1}, {"id": "igto7af", "text": "Generally they quote hourly with an estimate in my experience.  It depends what all you want them to do too, in cre an attorney and an agent really don't have a lot of overlap.  If you try to replace one with the other you just get that part of the job half assed", "replies": [], "depth": 1}]