
Leases are considered the engines that drive property values. Therefore, it should not be surprising that owners of commercial property may seek an independent leasing broker to focus on finding tenants to lease space. In exchange for their services, leasing brokers are paid a commission based on what percentage of the face amount of the lease?
A) 0.5 to 1.5%
B) 3 to 5%
C) 7 to 10%
D) 15 to 20%
Correct Answer:
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Q1: Real estate asset managers perform certain functions
Q3: For residential properties, the ratio of prospective
Q4: Commercial real estate returns are determined in
Q5: When property managers are looking to secure
Q6: In contrast to maintenance and repair expenditures,
Q7: Despite the magnitude of their real estate
Q8: Both owners and managers must carefully designate
Q9: The lease is a contract between the
Q10: With a performance-based management contract, an asset
Q11: When leasing nonresidential properties, owners would prefer
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