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This question is about leasing agent salaries.
Do leasing agents get commission?
Yes, leasing agents may get a commission depending on their employer. Some leasing agents may receive a flat fee per lease, while others may receive a percentage of the rent collected. The commission payment structure for leasing agents is slightly different, depending on how the agent's agreement is set up with the owner or company.
When a leasing agent charges a flat fee per lease, they are setting a fixed rate for their services. This can include services such as finding tenants, processing applications, negotiating terms, and creating lease agreements.
The leasing agent will typically charge a one-time fee that is due when signing the lease agreement. This fee is usually a percentage of the total rent due throughout the lease agreement, so the higher the rent amount, the higher the fee.
The typical percentage for commission for leasing agents varies greatly depending on the type of property and the local market. Generally, commission rates range from 5-10% of the total value of the lease.
The commission a leasing agent makes each year can vary greatly depending on the number of properties they manage and the type of rental market they work in. Generally speaking, leasing agents can make anywhere from $25,000 to $100,000 a year, depending on their experience and the market they are working in.
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