Does the commission on commercial mortgages go down?
by Mortgage Rates on Monday, October 4th, 2010 | 1 Comment
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On most of my commercial loans over 10 million, I’m charging a flat fee of $25,000. That’s about what the industry average is. A line of credit doesn’t change anything. It’s still the same commission.
One of clients had a $15 million loan on a hotel and paid his last broker $68,000 in commission. Just ask them what the fee is and if it’s too much, backout and find someone else.