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Old 05-30-2008, 11:23 PM
 
Location: Cliffside Park, NJ
26 posts, read 103,272 times
Reputation: 19

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Just wondering how it is everywhere else.

Here in New Jersey, at least around the Bergen County area, usually the tenant pays the agent a commission equal to 1 month's rent. In New York City, it equals 10% of the year's rent.

I've seen many many clients who came from other parts of the country who are appalled when i tell them that the tenant has to pay.

How is it everywhere else???
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Old 05-31-2008, 06:10 AM
 
15,704 posts, read 21,088,727 times
Reputation: 6728
In Florida it is the Landlord, at least if the Landlord uses a company, in my case...I never use a company and get it rented out very quick with the best tenants any one wants to have. So in my case it is porven I don't need a realtor helping me. Many relators told that I would not rent it out myself, since the realtors had the right sources....funny, they use the same internet sites as I use. It made me more creative and more anxious to proof them wrong.
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Old 05-31-2008, 06:42 AM
 
Location: Raleigh, NC
998 posts, read 3,485,200 times
Reputation: 602
The listing agency/owner pays the commission. Not the tenant here. (I don't handle rentals normally - but when I have shown the very few, it is usually a flat fee commission).
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Old 05-31-2008, 07:32 AM
 
Location: Palm Coast, Fl
2,248 posts, read 5,907,099 times
Reputation: 969
That's so funny... I just was with a buyer yesterday from Queens who is going to rent out the property. I explained just finding a tenant vs property management and what it would cost her in either senario. She too was appalled. Being from NY also I knew right away what she was thinking. Here in my area the landlord pays the fee.
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Old 05-31-2008, 08:02 AM
 
Location: Danbury CT covering all of Fairfield County
1,853 posts, read 3,829,966 times
Reputation: 742
Here, the landlord pays the commision. Of that commision, 50% goes to the listing side (landlord) and 50% goes to the brokerage who brings the tenant.
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Old 05-31-2008, 08:08 AM
 
Location: Palm Coast, Fl
2,248 posts, read 5,907,099 times
Reputation: 969
Ah yes, I forgot that part. Here a rental could be worth only $50 to the agent that brings the tenant to a listing. It's a very lopsided proposition to say the least and something that homeowners/tenants should be aware of. Be prepared to go from agency to agency if you are a tenant and be aware of how the agency you are listing with is passing on the commission, if at all.
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Old 05-31-2008, 01:56 PM
Status: "It's 5 o'clock somewhere." (set 23 days ago)
 
Location: Mountain Ranch, CA The heart of Calaveras County
6,175 posts, read 11,595,668 times
Reputation: 4950
In CA it is customary for the landlord to pay any rental commissions.

After reading so many posts about the way real estate is transacted elsewhere in the country, I am SOOOOOOOOOOOOOOOOOO glad I practice in CA.
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Old 05-31-2008, 05:07 PM
 
Location: Cary, NC
2,408 posts, read 7,436,891 times
Reputation: 1319
As everyone else stated, it depends on the location. I know from experience that big metro areas like New York City and Boston, the [potential] tenant pays the broker. In other areas that I've lived in, the landlord pays the broker to lease-up the place.
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Old 05-31-2008, 06:09 PM
 
Location: DFW - Coppell / Las Colinas
18,705 posts, read 17,465,963 times
Reputation: 17857
In our market, it's not worth our time to show tenants homes and most agents only handle sales. If I have someone ask I give them a list and tell them I will show them 2 homes after they've driven to see them. Or I give them the listing agents name & let him handle the lease.

The landlord usually pays the agent 25-50% of the 1st month.
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Old 06-02-2008, 01:15 PM
 
Location: Skaneateles
142 posts, read 557,227 times
Reputation: 68
In my area in NY state, it can go either way. In most cases, the owner pays the commission (usually one month's rent), but some listings say "collect commission from tennant". I avoid those like the plague. I don't think the rental business is all that bad because rentals are so hard to find here and I know that in one year's time, I may have a sale from a still grateful client.
Jo
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