The owner agrees to pay the broker upon successful lease/ sale of the property. In some cases, a broker can collect a retainer fee upon commencement of the listing. The lease commission amount is either a fix dollar amount, (.i.e. One month's rent) or a percentage of the gross lease amount, (i.e. 12 month lease of $1,000/ month @ a 8% commission rate = $960 payable to the listing brokerage). Keep in mind, most of the time the commission is spit with a cooperating broker.
The responsible parties would be the agent & his/her broker.
The average rental commission in the Valley is 10%. That fee is paid by the property owner.
Some companies charge additional fees for advertising, etc. You should be looking for the best presence on the internet since that is the most active source of renters.
The typical residential commission is 6% for sales and rentals, but this can vary. The commission is typically split 50/50 between the listing agent and the tenant's agent. The owner of the property to be rented is responsible for the commission.
West USA Realty
HomeSmart is the largest real estate brokerage in Arizona and has offices throughout the Valley. I am Realtor and branch manager for the northeast Valley brach, located at Desert Ridge.
Branch Manager & Realtor
"Awarded the HomeSmart Diamond Club Award for Top Production"
Typically, your Realtor will list the home on the MLS and the owner of the home pays their listing Realtor when the home is leased. If the owner is using a property manager to manage the lease and the repairs the property management company would be the party.
Jeffrey Masich, Realtor, GRI, MBA
If you want any help leasing properties, I'd be happy to talk to you, it's what I do day in and day out. Check out zoomiebrokers.com for more information
Every listing agent will charge a different fee, but I would be happy to email you our fee structure, which would include MLS entry, a featured position on our website 'ScottsdaleForRent.com' as well as sign, lockbox, etc.
Additionally in our service package we include full application review including credit and background reporting.
I look forward to hearing from you!
Limelight Group | eXp Realty
**2013 RealEstate.com Real Estate Pro of the Week**