Usually the tenantdoes not have to pay a commission fee. If a rental agent works for both the tenant and landlord,he is not allowed to charge a commission to a tenant. He has to charge the landlord for this.
People also ask
Who pays the Commission on a rental property?
The question of who pays the commission on a rental, the landlord or the tenant, is also determined by local custom. The amount of commission varies, and is negotiable between the entity paying and the real estate agent.
How much Commission does a real estate agent charge?
The real estate agent commission is a percentage of the sale price. So the specific amount depends on how much your home sells for and varies by agent, but it commonly around 6% of the sale…
What is leasing commission in real estate?
Leasing Commissions. Fees paid to real estate agents in connection with leasing space at a property. Leasing commissions may be due to a 渢enant rep?which is an agent representing a tenant, or to a 渓andlord rep?which is an agent representing the property or landlord, or both.
What is the rental commission on a San Francisco real estate transaction?
In effect, they檙e hired by the tenant to find them a property and are paid a commission when a lease is signed. Many San Francisco realtors actually will charge a flat fee equal up to 50 percent or more of the first month’s rent. Before agreeing to pay the rental commission, verify that this is the custom in your area.