Rentals in Los Angeles>Question Details

angelkristiw…, Renter in Los Angeles, CA

What would the approximate broker fee be based on locating an apartment with a monthly rent of no more than $1,600?

Asked by angelkristiwilliams, Los Angeles, CA Thu Aug 16, 2012

Any suggestions of which brokers or companies deal with smaller end rentals in the LA area? Am relocating from mid west. In search of 2 beds/1 bath, approximately 900 sq ft. Thanks for any advice!

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Answers

7
Typically the commission comes out of the Landlord's pocket. The renter is responsible only for the first mont's rent and a security deposit. So it would generally be $1600 first minths rent plus one months security of $1600.
0 votes Thank Flag Link Mon Dec 31, 2012
Hi Angel:

Usually, the Commission is paid by the Property Owner or Landlord in a lease/rental transaction. It is usually 6% to 10% of the first years gross rent, so if your rent is $1600, multiply that by 12 months, then divide by the commission percentage to get the Commission to be paid to the Agents.

I take it you are looking for a place to rent. Usually, the tenant does not pay a commission or fee, however, one may be negotiated.

What area are you looking to move into?

Let me know. Good luck!

All the best,

Kat Becker, Realtor
Estates, Residential, Commercial
Prudential California Realty
katbecker@prula.com
0 votes Thank Flag Link Wed Aug 29, 2012
Hi Angel,

Yes, all commissions are negotiable and some landlords pay, but it is a great idea to have an agent that protects your interest.

They can check out the landlord, negotiate a fair lease with terms acceptable to you, help you with movers, utilities, neighborhood, etc.

Our company has a flat fee depending how long it takes to find someone a place.

In LA, you can contact Mario Villagran at mario@usspaces.com or 818-416-7511 and he'll be happy to help.

Good luck,

Fred
0 votes Thank Flag Link Sun Aug 19, 2012
The Landlord pays the commission (some Landlords don't accept agent deals because they don't want to pay) The commission paid by the Landlord is usually one month's rent.
0 votes Thank Flag Link Fri Aug 17, 2012
All commissions are negotiable. Generally speaking, the seller's usually pay the commission from their proceeds. Some sellers do not want to cooperate with a broker so the tenant may have to negotiate the commission with his/her agent.

Good luck!!!
0 votes Thank Flag Link Thu Aug 16, 2012
Generally the owner pays the listing agents and the buyers agent "tenants Realtor" their commission so it should hot cost you anything. Most brokers handle rentals, but not all agents. I would recommend finding a Pro agent her on Trulia or perform a google search for Real Estate Agents in the area you are looking to move to.

Good luck!
Have a wonderful day,
Heather Paul, Realtor
Coldwell Banker
http://www.HeatherPaulOnline.com
310-586-0364
0 votes Thank Flag Link Thu Aug 16, 2012
Hi Angel,

Generally the owner listing the property would be paying the broker fee. I am a property manager as well as an agent, so I might be able to help you. Please email me Jessica@wellmanproperties.com about the areas you are searching, price range, number of occupants, date of move, and pets (if any).

All the best,

Jessica M. Acker
Wellman Realty Company
Wellman Property Management, Inc.
http://www.jessica.ismyreagent.com
(310) 828-3132 Office
1415 Stanford St., Suite #2
Santa Monica, CA 90404
License # 01894323
0 votes Thank Flag Link Thu Aug 16, 2012
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