Monday, August 16, 2010

How much commission do realtors get on home rentals?

In azHow much commission do realtors get on home rentals?
In Texas they get between 30% and 50% of a month's rent normally. Most at 30%. I have seen as low as 20% and as high as 150% of a months rent. 10% to 25% of a months rent is normal on short term three month leases.How much commission do realtors get on home rentals?
Varies with location.





As an example, in the St Louis area listing agents will get ~1 months rent on a 12 month lease, or ~7% of total rent on a longer lease. The renting/selling agent, if there is one, will get anywhere from 20-50% of the listing side typically - usually around 25%.
In my area, if I use a realtor only to find a tenant, the cost is one months rent.





Property management costs 10% of the rent.
As you can see from your answers, it really depends on what state your in. Here in Oregon, we typically get 10% of incoming rent.

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