as a P.M. I handle leasing in house. If no broker is involved in the new tennant, can I ethically

Collect a commission for the closing of a lease. I spend unlimited hours calling and showing the space,. I DO entertain broker's prospects, but it did work out with them. In fact, I would have favored the broker as it would have cost less to turn over the store to their tennant.
In Leasing Property - Asked by doug s. - Sep 20, 2011
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Answer(s)

Imei H.
Developer
Duarte, CA

You need to verify the connection source of your tenant with the owner & it's listing broker in contract.
If the tenant is not from the leasing listing Broker's listing source & you are the one who brought in the tenant through your own source, why worry about collecting the commission that you have earned ?

Sep 21, 2011
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Rob M.
Lender/Mortgage Broker
Houston, TX

Do you have a management contract with the landlord?

Sep 21, 2011
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Homesale R.
Listing Administrator
Lancaster, PA

Every State is different, but in many States you need to have a real estate license in order to collect a commission.

Sep 21, 2011
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Tony M.
Broker/Agent
New York, NY

Doug,
I think I could be helpful in answering your question, but I need more details. How did the prosepective tenants find you or vice versa>?

Sep 27, 2011
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Chris R.
Broker/Agent
Denton, TX

You need to review your property management agreement with the owner and if it includes a provision whereby you are managing the property and also have the assignment for leasing and serving as the lease listing broker then by all means you can and should receive a commission if you bring a tenant to the table. Most states would require you to have a license for such activity. All based on the agreement you have with the owner. You may be creating dual agency - make sure you follow your state guidelines relative to representing both sides of a transaction if that is the case.

Oct 12, 2011
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