The PCT Procurement Fee is the commission offered to the agent / broker / brokerage firm bringing a tenant to the table. If you are the owner / broker this fee - generally a % of the gross amounts of the rents for the term of the lease - is negotiated during the listing agreement by and between the listing firm and the owner and then offered in the market place. This fee is entirely negotiable between the parties concerned as to what the total amount would be and in turn what amount is offered to the agent / firm bringing the deal to the table. There is no "normal" or "standard" fee and the fee - both total and amount offered to / for either side may vary widely from market area to market area and from brokerage firm to brokerage firm. In the North Texas area - frequently you see a figure of 4.5% offered as a lease commission to the agent / firm that brings a tenant to the table. Other areas may be more or less. Depending on the size of the deal - could be structured and varied. The owner and listing broker must work out those details and the manner / timing of payment of same as well as any expansion / renewals, etc. and whether it is on base rent or total rent or what and whether it is a % of X or a flat fee.
Aug 16, 2012