How do leasing agents get paid?

I believe they get a base salary (around 35k a year) and then bonuses for each apt leased, such as $100 for a studio, $150 for a 1 bedroom, and $200 for a two bedroom.

So, occupancy obviously plays a role as you can only get those bonuses with the more apts that you rent. The actual rent does not matter.

The base is far higher, and the bonus' more lucrative. Related leasing agents get 3 percent of annual rent I believe.

I thought they only get a salary, hence the F U attitude when you deal with them.

so what would it mean if there is 'no broker's fee'? what is the difference between broker fee and no broker fee, in terms of how much the leasing agent earns? thanks

jeremyville, where do you think the money comes from to keep these folks on payroll? there is no such thing as no brokers fee, it's either in the rent (in the case of buidlings with onsites) or it's upfront.

RE 3% of annual rent - interesting. Do they get it on renewals? If no, do they get the 3% on a multi-year lease? What about Supers, do they get something based on the rent roll?

Also, Jim, no such thing as "no brokers fee" but you do point out 3% vs 15% or 1 month/8%.