Negotiating Buyer's Agent Commission
I recently got my license and have a client looking for land. I have identified a few nice tracts fitting the requirement but am wondering if you have any advice on negotiating with the listing broker for the commission split...
[{"id": "cbvf644", "text": "Ask the listing broker what their listing agreement provides for.  Do you know what is normal in your market?", "replies": [], "depth": 1}, {"id": "cbvfbrh", "text": "It's gonna be in the listing agreement. Here in Fairfield County we do 50/50 splits on most commercial transactions so 5% is normal and giving a buyer's agent 2.5% is normal although sometimes it's 3.5%/1.5% either way. \n", "replies": [], "depth": 1}, {"id": "cbyda0i", "text": "Its usually market based. Just call local brokers and ask what type of splits they are seeing. Usually the total commission will be 4%-5% of total consideration and, as /u/JFitt mentioned, you'll split the commission with the listing agent.", "replies": [], "depth": 1}]