Should I pay 3% agent fee to the guy who responded to my craiglist advertisement?

Asked by Appletree, Los Angeles, CA Thu Dec 15, 2011

I advertised on Craigslist and an agent brought me a tenant. He asked for 3% of the annual lease and offered to do the agreement and walkthrough for me. I think he also represented the tenant. Is this normal? Shoul I pay for it?

Help the community by answering this question:

+ web reference
Web reference:

Answers

5
Dan Tabit, Agent, Issaquah, WA
Thu Dec 15, 2011
Appletree,
Did you benefit from his service? Did he bring you a good tenant and assist in any ways that were requested? If you agreed to pay his fee, than you should pay him and be grateful for a good pro. If they also served the tenants needs and received pay there too, this would be unusual but between the tenant and the agent.
2 votes
John Arendsen, Agent, Leucadia, CA
Fri Dec 16, 2011
Dan's spot on. If you indeed benefitted from his services you should give him a fee for his services.
1 vote
Charles Ritz, Agent, RANCHO CUCAMONGA, CA
Sat Jan 26, 2013
Yes it's normal. The agent should have asked "If I bring you a qualified tenant, would you be willing to pay a 3% (of the yearly rent)?" Most rentals list for 6% total (divided between the leasing Broker, leasing Agent, Lessee's Broker and Lesse's Agent). This one reason why a majority of agents don't do leases.
0 votes
Garrigus Real…, Agent, Redlands, CA
Fri Aug 24, 2012
If he has provided you with a renter you may what to consider it. Call other rental agents and get a census of what they charge to make sure he is not charging you too much.
0 votes
Appletree, Home Buyer, Los Angeles, CA
Fri Dec 16, 2011
But the property management company only charges me at most $600 for finder's fee.. Is 3% an industrial standard for this kind of fee? When I advertised on craigslist, I really didn't expect an agent would come to me.
0 votes
Search Advice
Search
Ask our community a question

Email me when…

Learn more