I have been looking at rental commissions in the state of Florida. I see a trend of 5% or close to. Does that mean the realtor gets a commission of 5% the monthly rental rate?
I doubt the average commission on a rental is that low. Ots likely more like 50%-100% of a months rent.
Depends if the agent is your property manager or not. Typically it is 100% of the monthly rent. It is split 50/50 between listing agent and selling agent.
In our area, to list a rental, typically get the 1st Months rent. Some will do 10% of the total lease ($1,000 per month X 12 Month Lease = $12,000 X 10% = $1,200). If you are referring to the Co-broke fee, in the MLS listing, for an agent that brings a tenant? The 5% maybe the $600 split, in the above scenario. I would reach out to the listing agent for clarification. Our co-broke fees are typically flat $ amounts ranging from $50-$500.
Hope this Helps?