The exact fee varies by city. The most common amount charged by Realtors isone month rent,but this rate is not set in stone. In Washington,DC,for example,one real estate company reported charging anywhere from 25% to 50% of one month rent.
People also ask
How much does a real estate agent charge for a rental?
淢y charge to all of my rental clients is one month rent, which will be split between my broker and the renting broker,?says Juan Vazquez, a real estate agent with RSVP Homes Realty in Hollywood, FL. John Klein, a real estate agent in Coral Springs, FL, also says a commission of 10% of the monthly lease or one month rent is standard.
How much should a landlord charge a tenant?
Budget for repairs, maintenance and utilities Determine the best ways to collect rent from your tenants To determine how much rent to charge a tenant, many landlords use the 1% rule ?which suggests charging 1% of the home value for rent. For example, a home valued at $220,000 would rent for $2,200 per month.
How much does a San Francisco realtor charge to rent a house?
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. A real estate management company is not a real estate broker.
How much does it cost to rent a house for rent?
For example, a home valued at $220,000 would rent for $2,200 per month. However, there are many factors to consider when setting a rental price, such as local rent control laws, the cost of similar rentals in the area and changes in the local market.