The Ziff estate in Manalpan no longer is on the market for $195 million, and somewhere a buyer’s agent is weeping.
According to the just-canceled listing in the multiple listing service, the seller agreed to pay a buyer’s agent a commission of 1.75 percent. If the property had indeed fetched $195 million, the payday would have amounted to $3.4 million. (It’s unclear how much listing broker Premier Estate Properties would have been paid to seal a deal.)
Alas, only a small group of buyers can afford to drop $195 million on a home. The listing from Premier Estate Properties insisted that buyers come “fully vetted” with a banker’s letter or a spot on Forbes magazine’s billionaires list.