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So just how far back does the traditional 6percentt brokers' commission on residential deals go? "Certainly as far as I know," said Mr. Van Winkle, "and as far as what my father told me, and his father before that".
The standard 6% brokers' commission will become less standard.
Similar(58)
One reason for the discount is that it reflects the brokers' commissions.
Closing costs generally total around 3 percent of the purchase price, which covers the notary fee; brokers' commissions average 2 or 3 percent.
In 1978, Century 21's licensing fees and its share of brokers' commissions brought in $23 million, more than twice what it collected the year before.
Vornado, which received a 49.5 percent interest in the building, and Kushner agreed to invest $110 million to provide incentives for tenants, pay brokers' commissions and refurbish obsolete space.
Mr. Ruffin is the first man to lease a whole office building containing multiple teants he saved himself & Galbreath 2 million dollars in brokers' commissions.
Some landlords had been offering prospective renters enticements, like a rent reduction, one to three months' free rent, health club memberships or payment of brokers' commissions.
Such behavior is considered the mutual-fund equivalent of churning, or excessive trading of individual stocks in a customer's account for the purpose of increasing brokers' commissions.
It would have a much lower overhead than private plans, with no need to make a profit or spend money on marketing or brokers' commissions.
Certainly, those who trade on stock exchanges want low direct costs that is, brokers' commissions and fees for confirming a trade, for clearing it (registering a share's new ownership) and for settling it, when money changes hands.
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