Agent2Agent in Woodbridge>Question Details

Kim Hahn,  in Woodbridge, VA

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

Asked by Kim Hahn, Woodbridge, VA Fri May 2, 2008

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!

Help the community by answering this question:



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.
0 votes Thank Flag Link Fri May 2, 2008
As Cindy said, commissions of any sort should not be discussed. You're barking up the "antitrust tree" and asking for trouble.
Web Reference:
1 vote Thank Flag Link Fri May 2, 2008
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.
1 vote Thank Flag Link Fri May 2, 2008
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.
0 votes Thank Flag Link Sat May 3, 2008
Tell him if hires a professional property management company, he would be paying 6-10%
0 votes Thank Flag Link Fri May 2, 2008
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2015 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer