WHAT IS THE R.E. COMM FOR COM PROP IF 1ST YR FREE RENT AND PAYING 6% COM

1ST YEAR AND 3% COM FOR YEARS 2-7
In Leasing Property - Asked by ROB K. - Jul 30, 2012
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Answer(s)

Mehmood H. S.
Broker/Agent
Chicago, IL

It is totally between the owner and broker. Your question is not very clear.
If you would restate, I might be able to help you

Jul 30, 2012
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Chuck A.
Broker/Agent
Van Nuys, CA

Since the comission is earned on rents received, and no rent was paid for the first year ( free rent), then the commission is 0.00. for years 2-7 the comission is paid based on 3% of the total. this will also depend on the way your listing contract, if written with specifics to address these common allowances.

Jul 30, 2012
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Nancy G.
Broker/Agent
Sandy Springs, GA

I guess a smart Agent would value his work on a listing or representing a tenant and should ask to get paid on the rental value whether or not a tenant is paying rent.

Aug 1, 2012
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Chris R.
Broker/Agent
Denton, TX

All depends on your listing agreement and understanding with the owner. Typically though - even though the first year is free - your commission will be calculated on years 2 - 7 at the specified commission. You mentioned 3% and 6% - so whichever it is - the total rents for years 2 - 7 x either 3 or 6% typically paid up front - unless you have other agreed upon arrangements with the owner.

Aug 2, 2012
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