Tenants Don't Typically Pay Commission
- Do I pay my broker's commission if I hire him/her to represent me?
Typically NO! If you are a tenant or buyer looking for a property for your business, your broker looks to the landlord or seller to pay their commission. This does not mean that the rent or purchase price will be higher as the commission is usually predetermined in a listing agreement between the landlord or seller and their broker. Both your broker and the landlord or seller's broker then split that amount.
If you, as a tenant or buyer, does not use a broker to represent you, the landlord or seller's broker simply collects the full commission. So, the landlord or seller pays the same amount regardless of you having a broker or not.