Landlord Rep trying to split commissions 3/3 instead of 4/2 in favor of Tenant Rep
I'm representing a tenant for a retail space and have pretty much always received 4% commission and have received 2% when representing the landlord. This is the first time I'm told about a 3/3 split. Any thoughts on how to get around this?
[{"id": "ivcsbbx", "text": "50/50 split is common in my market", "replies": [], "depth": 1}, {"id": "ivcycwd", "text": "3/3 is common in my market as well.", "replies": [], "depth": 1}, {"id": "ivd1aqi", "text": "It\u2019s usually 3/3 in smaller markets.", "replies": [], "depth": 1}, {"id": "ivd689s", "text": "In what market are you where you don't put the commission split in writing? How can this be the first time you are hearing about it?", "replies": [{"id": "ivd6i6y", "text": "I'm in a large southern MSA. I mean it's the first time hearing of 3/3 split. I've only experienced 4/2 splits with a couple 4.5/2.5 splits. It's always been in writing.", "replies": [], "depth": 2}], "depth": 1}, {"id": "ivd8ga3", "text": "It\u2019s normal and it\u2019s up to landlord discretion, but yes typically it\u2019s 4/2 in factor of tenant rep", "replies": [], "depth": 1}, {"id": "ivdc015", "text": "3/3 in my market.  I see some office deals as 3/4", "replies": [], "depth": 1}, {"id": "ivdlygz", "text": "I always ask for 4% when I rep tenants and always split it 50/50 (3% on each side) when I rep the landlord. You can ask for 4% but that doesn't mean you are going to get it.", "replies": [], "depth": 1}, {"id": "ivdphlf", "text": "As a landlord rep, I\u2019ve never offered 4% to tenant rep, and on the flip side always take 3% as a tenant rep", "replies": [], "depth": 1}, {"id": "ivdsk4t", "text": "Every market is different. I broker in NV and TX. NV is an even split. TX is 4 (tenant)/ 2 (LL)", "replies": [], "depth": 1}, {"id": "ivnacbx", "text": "Even split is norm in retail unless your tenant is insanely sexy and creditworthy", "replies": [], "depth": 1}, {"id": "iw6n7x8", "text": "Retail here is typically 50/50 off of 6. But I\u2019ve also started to see 4% TR and 3% LLR. \nFor Office and industrial the market here seems to land at 5 TR and 2.5 - 3 to LL rep\u2026. I\u2019ve ran into a one or two brokerages that have tried the 50/50 thing in retail, but it\u2019s unheard of around here.", "replies": [], "depth": 1}, {"id": "iwwz8x8", "text": "SoCal is 3/3", "replies": [], "depth": 1}]