Only for those agents in the Greater Seattle area please..... Can you tell me what a typical commission?

Asked by Stacey Lange, Kirkland, WA Tue Jul 22, 2008

structure is for a lease on a residential property? Potential Rental of $3000 - $3500/mo

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James Hsu, Agent, Bothell, WA
Tue Jul 22, 2008
are you on the leasee's side or the lessor? If you are the leasing agent, I've done and seen usually between half of one month's rent to 1 full month's rent. On the renter's side, I've seen anything from flat finder's fee to 25% or 50% of 1 month's rent.
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Patrick Beri…, Agent, Seattle, WA
Fri Jul 25, 2008
If you're the listing agent a typical commission is 100% of 1 month's rent, split between you and the other agent.
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Don Dutton, Agent, Puyallup, WA
Wed Jul 23, 2008
5% of the total value of the lease. eg. for a two year lease $3000 X 24 = $72,000, times 5% = $3600
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James Hsu, Agent, Bothell, WA
Wed Jul 23, 2008
I haven't had one with rent that high yet, but I've rented out a handful of homes this year so far and they've all been via Craigslist. Saves you from having to pay a finder's fee. I've used the MLS once after a month of trying to rent online, but we also dropped the price by $100 (down to the $1600 range) and we had prospective tenants calling left and right almost right away.

$3k to $4k rent sounds like a huge house. I'd also hit up some big companies or people you know at big companies to see if they can post stuff like that internally... you're looking for execs at that rent range...usually.

good luck!
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Stacey Lange, Agent, Kirkland, WA
Tue Jul 22, 2008
Thanks for the info James!....I would be on the listing the lease and was just curious if it is 1 month's rent and you split it between myself and whomever finds the renter? I want to be fair, but also be compensated appropriately. :-)

Also, for those of you who have leased homes on MLS at a above average rental price ($3K - $4K) how long do you find they take to rent?
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