A lot of people want to Lease, not Buy right now and I'm seeing properties in MLS for ridiculously low commissions. I won't even CONSIDER a property that offers less than 50% commission.
It's just not worth my time....so when I see these property owners put in 25 to 35% of 1 months' rent I just laugh at them. Do they honestly think I"m going to bring them a client ? NO WAY.
Further - many won't offer the same commission on a lease renewal.
So of course I advise my client to look for other properties when their lease is up.
Honestly - a good landlord is going to offer 75 to 100% of 1 month's rent.
These cheapos putting their listings into MLS for 25 to 35% crack me up.
Sure - someone will lease it - but it's not going to be MY client !!!
If you want me to work for you - you have to PAY ME.
Why is that so difficult for people to understand.
I'm bringing you a well qualified tenant - the LEAST you can do is offer me 1 month's rent.
Application fees are collected by all leasing company's and Realtors who have to verify the prospective tenant's income, credit, employment & criminal history. I have not meet a one who has not collected an application fee in my 15 years in the business.
Your job is to seek what your clients wants whether the commission is 100% or 1%. You might want to read the Realtor Code of Ethics, Your duties to clients (Art. 1-9) If your thinking of your client then your not thinking of a commission check, your thinking of the client, then your commission check.
Best wishes to Everyone!
United Real Estate Dallas