When a broker sends you a complete offering memorandum and Argus files for a property that is supposedly "off-market"
[{"id": "cy3n747", "text": "not bringing another broker into the deal means more commission, even if the price is slightly less...", "replies": [{"id": "cy41snx", "text": "I wish more clients cared/knew about this.  Worse is when your clients send you buyer list emails and the brokers lose their shit that you know about their listing before they announced.   It's like do you want to sell the thing or not?", "replies": [{"id": "cy46x9y", "text": "Do you typically split commissions on commercial properties?  I haven't been involved in the sale of a property where there are two brokers.  Most of my lease deals have two brokers but none of the sales.  ", "replies": [{"id": "cy471tg", "text": "Typically yeah.  Like everything else it's negotiable but that seems the norm in what I've done.  Funnily enough in leasing the tenant rep gets more sometimes ", "replies": [{"id": "cy47v74", "text": "That's interesting.  I don't know enough about how other companies work.  Are sales commission splits more common on a certain type of property (retail vs office and/or &lt;$15 mil vs. &gt;$15 mil)?  ", "replies": [], "depth": 5}], "depth": 4}, {"id": "cy49bt5", "text": "Not on larger investment sales.  On deals larger than $6 million,  you usually are only getting a point or two,  doing all the grunt work in putting together an om, and can find the right buyer through your own database.   Institutional and public money hire acquisition professionals in house, so 90% of the the time only a listing broker is involved.  The other 10% of the time the buyer broker is paid \"off the top\" or is paid by the buyer seprerately It's just the way that side of the business works.   ", "replies": [{"id": "cy4d2bo", "text": "Yeah should of prefaced my answer with not referring to institutional stuff ", "replies": [], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "cy3qsrl", "text": "Reddit meme that is applicable to my professional life?  Upvote!", "replies": [], "depth": 1}, {"id": "cy45oef", "text": "Or has been on and rejected.. or too embarrassingly priced to put on.\n\nLotta the off market stuff i've been sent in NYC is a joke.", "replies": [], "depth": 1}]