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Old 01-01-2009, 04:42 PM
 
1 posts, read 3,635 times
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Default broker fees on miami rental

I am moving to miami from nyc. Looking to rent a condo in coconut grove. If I work with a real estate broker who pays the brokerage fee - the renter or the owner? Thanks.
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Old 01-01-2009, 05:44 PM
 
Location: Viña del Mar, Chile
14,455 posts, read 12,249,246 times
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The landlord pays for the realtor, free for the renter.
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Old 01-02-2009, 05:52 AM
 
Location: South Beach (MB, FL)
640 posts, read 1,179,256 times
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In times and places where it's a landlord's market, agents will sometimes charge a renter a month's or half a month's rent as a fee. In the current market, a renter would have to be crazy to pay a fee.

Also, when you see a rental price, consider it a starting point in your negotiation.
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Old 01-10-2012, 10:54 AM
 
1 posts, read 2,206 times
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as a landlord, what is the standard broker fee i should pay?
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Old 01-10-2012, 12:47 PM
 
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Quote:
Originally Posted by LINLIN2012 View Post
as a landlord, what is the standard broker fee i should pay?
It is usually the cost of 1 months rent or 10% of one years rent.
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Old 01-10-2012, 01:13 PM
r_k
 
Location: Planet Earth
752 posts, read 956,370 times
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Yes, 10%
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Old 01-12-2012, 08:07 PM
 
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Note that the agent is still entitled to his/her commission again if the tenant renews the following year. Never understood that, but those are the standard real estate laws here.
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