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hey everyone its alex moore kate with real estate shorts in this episode were going to cover leasing commissions what they are why they even exist different ways in which you can calculate them and some of the ways in which they are structured and paid out by the owner to that third party lets get started so lets kick off with what are they so leasing commission is an amount thats paid to a third party for helping an owner identify and or negotiate a lease with a new tenant and i think this is a really important form of compensation between a critical member of the commercial real estate community so third-party real estate agents and brokers they make a living out of establishing good relationships with tenants across the markets that they work with so for example having that perfect medical office tenant for the perfect medical office building may be hard to come by but an owner establishing a relationship with a good leasing agent or broker may make it easier for them to find t