How do business brokers get paid?

Career: Business Broker

Business brokers typically earn commissions from completed sales that they facilitate. In addition to their commision, they may also work for an hourly rate or have a retainer fee. Depending on the brokerage and contract between the broker and client, these payments may be payment installments or lump sums. For example, payment may consist of a combination of an upfront retainer for expenses used in the sale, along with a commission at the completion of the sale. Commissions can average between 5% to 12%, but this is also dependent on the client and size of the business.