Real estate agents are generally paid by the seller for a house sale, and by the landlord for a rental situation.
In my area, both the landlord’s agent (who lists the property) and the tenant’s agent (who shows properties to tenants) get $400 each when a lease is signed.
Do real estate agents make money from rentals?
Agents don’t actually make money from rentals. The commission paid by the owner for listing a property and finding a tenant is usually relatively small for the amount of work involved.
Do Realtors help find rentals?
In many places, the landlord pays the real estate agent to help find a desirable tenant. Apartment locator services are almost always paid by the landlord. In fact, even if you find the listing on your own, some rentals will require you to pay a fee to the landlord’s broker for listing the property.
How much do real estate agents charge to manage a rental property?
Typical Fee Agreement
As a baseline, expect to pay a typical residential property management firm between 8 – 12% of the monthly rental value of the property, plus expenses. Some companies may charge, say, $100 per month flat rate.
How do Realtors get paid on commercial leases?
On commercial purchases the commission amount is a percentage of the sales price (this can vary for each market). For lease transactions it’s a percentage of the total rent over the full lease term. Commissions are typically paid by the building owner (landlord) or seller.