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Old 07-14-2009, 06:28 PM
 
34 posts, read 212,667 times
Reputation: 19

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I am interested in a few rental properties in Princeton/Plainsboro.
Should I bring my own agent? or I should contact the listing agent directly?
Who pays the commission?
If I contact the agent by myself, could I save some money because of commission?

Thanks a lot!
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Old 07-14-2009, 06:30 PM
 
Location: The Milky Way Galaxy
2,256 posts, read 6,553,832 times
Reputation: 1517
Whenever a realtor is involved usually you'll always pay some sort of fee unless the realtor has something worked out with the owner of the property and the owner pays the fee. Either way the realtor's company has to get paid by someone.
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Old 07-14-2009, 08:03 PM
 
28,461 posts, read 79,155,876 times
Reputation: 18603
In my neck of the woods the "fee" that real estate agents get for rental referrals is small and paid for the landlord... The exposure to "prospective buyers" is why agents do it.
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Old 07-14-2009, 08:50 PM
 
Location: Martinsville, NJ
6,163 posts, read 12,203,212 times
Reputation: 3979
Quote:
Originally Posted by funkys View Post
I am interested in a few rental properties in Princeton/Plainsboro.
Should I bring my own agent? or I should contact the listing agent directly?
Who pays the commission?
If I contact the agent by myself, could I save some money because of commission?

Thanks a lot!
I say this as a proud NJ Realtor.
NJ has some very strange practices when it comes to rental properties being marketed by real estate agents. Depending on the location, and the state of the rental market, the fee might be paid by the landlord or the tenant, and sometimes even split. And the only way to know is to see the listing detail, or to call & ask an agent. It's possible that the listing agent MIGHT be willing to take a lower fee if you go to them directly. Everything is negotiable, right? But remember that you then have no representation. Whether you feel you need representation or not is a matter that differs for every tenant.
I've never understood the whole concept of a landlord or a landlords agent being able to dictate what fee a tenant must pay. Actually, let me rephrase. I understand the process and HOW it works, but I have no clue WHY it was allowed to evolve this way.
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Old 03-15-2010, 01:47 PM
 
1 posts, read 4,757 times
Reputation: 10
So, the fee that is paid is paid to the listing agent for the listing representation? Does the renter's agent get a fee? If so, is it part of the landlord's agent's listing fee, does the renter's agent not get paid, or is the renter suppose to pay a second fee? Thanks very much for your help!
k
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Old 02-27-2013, 05:55 PM
 
Location: Cranford NJ
1,049 posts, read 3,808,931 times
Reputation: 403
With dual disclosed agency, only one party may pay a commission. It's either the teanant or the Landlord not both.
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Old 02-27-2013, 06:58 PM
 
Location: Martinsville, NJ
6,163 posts, read 12,203,212 times
Reputation: 3979
Quote:
Originally Posted by Sergio M View Post
With dual disclosed agency, only one party may pay a commission. It's either the teanant or the Landlord not both.
That's incorrect.
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Old 02-27-2013, 09:27 PM
 
Location: NJ
17,578 posts, read 43,543,037 times
Reputation: 16225
If you already found the properties not sure why you would need an agent.
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Old 02-28-2013, 08:51 PM
 
Location: Baltimore
1,759 posts, read 4,833,498 times
Reputation: 1195
Quote:
Originally Posted by Sergio M View Post
With dual disclosed agency, only one party may pay a commission. It's either the teanant or the Landlord not both.
First day on the job?
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Old 03-01-2013, 07:06 AM
 
Location: Cranford NJ
1,049 posts, read 3,808,931 times
Reputation: 403
Quote:
Originally Posted by davecj View Post
First day on the job?

Thanks, That's what CE does to you, gives you the wrong inf. I've done rentals for years, and collected 1/2 commission from each side, until CE where I was told it's not legal.
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