Land commission question off market of course………….
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[{"id": "ibchdh9", "text": "In my market seller pays their own agent, so go talk to the client your serving by selling their off market listing. \n\nAsking for money from the buyer for something like bring them a deal a couple mil off is extremely unethical.", "replies": [{"id": "ibciwe7", "text": "Oh i see", "replies": [], "depth": 2}, {"id": "ibcqvz9", "text": "If you have a relationship with a buyer who has tasked you with hunting these off market land deals they may be comfortable covering your commission. Seller covering commission for the agent bringing a buyer is rule of thumb, not law.", "replies": [{"id": "ibcri8m", "text": "For commercial we make buyers sign on to pay the commission for the buyers agent. \n\nPaying the sellers agent? That\u2019s weird.\n\nEdit: speculative mindset says OP may be practicing RE without a license.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "ibcmz4v", "text": "Why don\u2019t you buy it?", "replies": [{"id": "ibcqbto", "text": "Cuz i dont have millions \ud83d\ude44", "replies": [], "depth": 2}], "depth": 1}, {"id": "ibcnlbk", "text": "Are you wholesaling it?", "replies": [{"id": "ibcqcd4", "text": "Basically", "replies": [{"id": "ibzbz6r", "text": "Typical wholesale mark up is 15%. Don\u2019t listen to the haters on here. They are brokers and fear the competition", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "ibcrkq2", "text": "50 bps", "replies": [], "depth": 1}, {"id": "ibd4m4u", "text": "Get it under contract for $14m. Flip the contract for $17m. Or stay in the deal for $3m. \n\nWhy settle for a fee?", "replies": [], "depth": 1}, {"id": "ibda1g2", "text": "So first of all I'm assuming you're unlicensed which means you're both not able to collect a commission, and not permitted to receive a cash referral in most states.\n\nSecondly, it's not clear what kind of control you feel you have over the seller that would encourage them to sell for $3M less than what you feel is market but if you're in an advisory position then you'd be potentially breaching your fiduciary responsibility, and at a minimum you're taking advantage of someone. \n\nAs a thought experiment, you'd probably have to either put it under contract yourself and assign it for a lift to a buyer, or represent a buyer and collect a fee but nobody would pay you anywhere close to $3M on a $17M deal - especially if you're adding no other value which seems to be the case here.\n\nOn another note, your post was riddled with typos and grammatical errors, your question smacks of either a complete lack of understanding of CRE fundamentals, and your situation suggests you're trying to monetize some very unethical behavior. This subreddit isn't intended to be a repository for your low effort posts, or your strange get rich quick fantasies. There are serious professionals who do this for a living communicating ideas on here and it'd be great if you would respect that.", "replies": [{"id": "ibdazc7", "text": "I didnt ask to be paid 3m i was just curious on what type of commission would i get if any", "replies": [{"id": "ibdbf1s", "text": "The point stands. If you're a licensed broker, list it, get the most possible for your client, and earn a fee.\n\nIf you're a buyer's rep, go do your job and find a buyer who'd be interested.\n\nEither way, do some work and earn a fee.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}]