Agents Online Real Estate Forums, Discussion, Realtors Marketing Tips

Follow AgentsOnline on Twitter

Click Here to display our logo on your site and link to us!
AgentsOnline Real Estate Discussion Forums Logo

Realtor CommunityA popular online real estate community since 1998!


Sponsored Links
How To Advertise Here
How To Advertise Here

Good Idea!
Realtors Directory

Sponsored Links
Top Posters (30 Days)
Mr. Clean 30
Lucky Leonardo 23
Vermont 20
Z06Fanatic 17
Daniel1234 15
miracle 11
estatereal 9
Trouble 8
Bigtoe 8
RonnieEmz 8
James007 7
gitmonee 7
Investor_broker 5
Andrew James 5
The7 5
Matched Content
Topic Options
Rate This Topic
#456085 - 12/29/16 05:47 PM Commercial Real Estate Referral Fees
ibsellin Offline

Registered: 08/19/11
Posts: 378
Loc: USA
Hey commercial guys what do you think about this..

So a friend of one my best friends gets into commercial real estate a few years ago in my city. I had met him but didn't really remember him, he kind of connects with me knowing I'd been doing residential for a while. We're both early 30's.

So I'm cold calling one day and I reach a business on accident ask them if they need new space, they say they do.. I say okay, take down their info. It's industrial, looking for specific land, way out of my arena don't have costar or the desire to spend the time trying to do it so I call up my new acquaintance and ask him if he wants it. He says yes and I say 'how's 25%?' His words: "we'll take care of you". Since we're friends presumably through our mutual acquaintance I assume it's a 'word is bond' sort of thing and 25% it is.

So it does take a while for a deal to happen but when it does.. it's 2 years later and a $4M deal paying 3% = $120k commission and for a rookie no less. He's part time and I'm pretty sure than partaking in some leases this is his only sale. So he calls me up and says 15% is a standard commercial referral and 'the bigger the deal the smaller the referral' (like what?) and how he worked on it for 2 years (ya it's $120k f-n commission) so he only 'feels comfortable paying me 15%'. Like you had a full time job while you worked on this deal ..

Moral of the story.. always put it in writing..

What do you think about this? He's basically just screwing me out of $12k don't you think? I guess I'm just happy I'm getting the $18k since his word is obviously worthless..

#457923 - 05/30/17 07:48 AM Re: Commercial Real Estate Referral Fees [Re: ibsellin]
El Luchador Offline

Registered: 05/02/07
Posts: 236
Ibsellin - As you simply provided a lead (you didn't control the buyer), the deal took 2 yrs to close, and based on the size of the transaction, 15% is a fair number. You didn't good screwed, but certainly get it in writing next time so there's no confusion.


Google Custom Forum Search

This Google Custom search may do a better job of searching the forums for some keywords than the old forum search does. The results do not include threads from the Asset Managers Forum however. To search that forum you will need to be actually in the Asset Managers Forum and you will need to use the old forum search below.

Newest Members
realtorraj17, Probate Expert, Joe PCHB, CDMDCH, T Blair
29643 Registered Users
Who's Online
2 registered (Mr. Clean, busybpobee), 57 Guests and 8 Spiders online.
Key: Admin, Global Mod, Mod
Shout Box

(Views)Popular Topics
No new orders today 13092579
Stupid MLS comments. 3269780
What do you know about Froy Candelario, top agent in USA 1183340
Stupid QC comments and BPO requirements. 1055473
New HUD Listing Brokers---Any Update? 1023657
Is there religious content in Buffini class? 818321
Let's talk about our cars 665687
Name that Flick. Great movie Lines. 600137
Pay it Forward - BPO/REO Tips & Tricks I & II 586924
Most common items found at an REO 567999
EML 459230
Main Street 415887
asset val seminar in colorado 405594
assist 2 sell or 1 percent realty? 338756
HOMONYMS - There, Their, and They're 304710
Evalonline 300066
Land America 285049
Mainstreet 261858
Featured Member
Registered: 07/16/11
Posts: 2

How To Advertise Here

This site presented by RNC Internet Services