Some Facts About Real Estate Commissions

They’re negotiable.

An agent can use a “generally accepted” commission standard when writing real estate contracts.

Or, they can negotiate how much commission they get.

Little do people know that the commission percentage is not set by the law.

Also, the landlord or the tenant can pay an agent the commission.

 


 

Charge

Some agents charge a commission based on the yearly amount collected.

Most agents charge one month’s rent as a commission for finding a tenant. When that happens, either the agents or their brokerage can collect them.

 


 

Splitting the Costs

Usually, that commission is split between the listing agent and the agent representing the tenant.

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