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I am leasing agent that works directly for the owner and have been making 4% of the total lease. The owner

is concerned that I am beng paid too much. I have read a lot that illustrates that is the low end of %'s. Any thouhgts or comments? Thanks!
Fri May 2 2008, 08:27 - Woodbridge - Agent2Agent - 5 answers
 
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Kim Hahn
Real Estate Pro
in Woodbridge
Kim Hahn, Real Estate Pro in Woodbridge in Woodbridge
Answers (5)
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Pat Mulligan was FIRST TO ANSWER Tiffany Burke received BEST ANSWER
I always ask 10% unless, they have a bulk number of properties. 10% is nothing to an owner if you are really taking care of the properties, and placing great tenants.

Sat May 3 2008, 13:09
 
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As Cindy said, commissions of any sort should not be discussed. You're barking up the "antitrust tree" and asking for trouble.

Fri May 2 2008, 18:58
Web Reference: http://www.loudounstats.com
 
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Kim,

He is getting a deal! My co. runs a property management and we charge 10% and with the headaches I see going on in the leasing dept. I think that's to low. Just my opinion though. Hope everything works out well for you.

Fri May 2 2008, 11:32
 
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Kim-perhaps you should talk to your broker regarding your fees. You fail to mention whether this is a commercial property or a residental property which would have different fee structures. Commissions are not a subject that we should discuss as they are negotatied between an agent and their client whether it is a sale or a lease.

Fri May 2 2008, 10:55
 
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Tell him if hires a professional property management company, he would be paying 6-10%

Fri May 2 2008, 08:38
 
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