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Board amends real estate commission policy to a flat 3% and adds leasing commission
Development Authority (Virginia Beach) · September 10, 2025
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Summary
The authority replaced a tiered commission schedule with a flat 3% commission on sales, added a 3% leasing commission payable quarterly in arrears, and approved making the change retroactive to the prior month to cover a recent ground lease broker.
The Development Authority approved a staff proposal to simplify and broaden its real estate commission policy.
Alex Styles, a staff presenter, said the existing tiered commission schedule (5% up to $500,000; 3% between…
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