Residential real estate brokerage compensation

[Karl Anthony]

I want to rent my property and this broker wants to charge me 100% of one months rent and a 4% fee of all rents paid under the lease of the property. This is not a real estate management company, just a brokerage. So I'll have to get someone else to manage the day to day operations of the property. I just wanted to know if both of these broker fees are usual?

[Will Fraser]

@Karl Anthony kick this bird to curb!  They're wanting to charge you a 1-month tenant placement fee (normal) AND a 4% ongoing fee FOR NO MANAGEMENT.  That's not okay and that's not a commensurate structure in light of the fact that they don't manage properties . . .

. . . In my opinion :)