Summer Rentals - Who Does the Broker Represent?

Started by ezal

almost 15 years ago

Posts: 58

Member since: May 2009

Discussion about

In the summer rental market, when an owner hires a broker, who does that broker represent? If another broker (the tenant's broker) sources the tenant, does the owner's broker receive any type of fee? If no, doesn't that incentivize the owner's broker to marginalize any potential tenant that is not sourced by the owner's broker or the owner's broker's firm? Help!

Response by NYC10013

almost 15 years ago

Posts: 464

Member since: Jan 2007

What's the range of %s the broker charges the owner for a rental?

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Response by marye7308

almost 15 years ago

Posts: 64

Member since: Apr 2009

the broker reps the owner

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Response by JMStreet

over 14 years ago

Posts: 4

Member since: Aug 2008

Does the renter or the owner have to pay the broker fee? What % does the broker usually charge?

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Response by ante148

over 14 years ago

Posts: 70

Member since: Apr 2008

the price you see listed is the price the renter pays.

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Response by mym

over 14 years ago

Posts: 188

Member since: Jun 2009

owner pays broker -usually 10%

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Response by marye7308

over 14 years ago

Posts: 64

Member since: Apr 2009

They split the fee in the first case. Sometimes brokers will cut their fees to get a deal done. At the end of the day though brokers make very little on rentals and they are a ton of footwork- I'm not a broker- . Brokers fees are not the added fee when you are renting seasonally, what you have to take into consideration are the added cost of pool, lawn mowing, electric, cable etc- which depending on the size of the house usually runs an additional 3k.

Summer Rentals - Who Does the Broker Represent?

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