How commission are give to agents on a rental ? And when ?

so if first month is given to the tenant agent after offer are accepted , and a written lease is preparated . the tenant agents broker is suppose to release the listing agent commission from that deposit that is hold on escrow? and when ?,, i mean who give to the agents the commission and when ???
(0) | asked by: omar delgado | share | 13 months ago | Report
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answer by Sonia M. Caceres    |   Visit My Website   |   Contact Me
Commissions are split accordingly: Buyer in most cases deposits (one (1) month rent) which gets deposited into an escrow account by buyer's agent. Upon executed transaction, then , on move in date or before, we do a walk-through of unit, and the rest of balance owed is paid by buyer, keys and possession are compeleted, then the broker splits the escrow for commissions to agents.
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answer by Art and Sharon Westendorf    |   Contact Me
Rental Commissions are paid out by the listing broker, fee is dependent on pre-determined fee. Make sure that that the listing broker is aware that you are the agent that referred the applicant, so that there is no question or delay in being paid your fee.
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omar  delgado
answer by omar delgado   
so , that one month deposit holding by the buyer agent broker ,,, at the end of the transaction .. that broker sent have of that month to the listing broker ? thats my question . if from that deposit (1 month)that is hold by the client broker , he release half of it to the listing broker at the end ??? supposing that commission are 1/2 month for each partys..??
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answer by CAROLYN GIANDONATO    |   Visit My Website   |   Contact Me
I don't pay out any commission on rentals until the lease is signed and the deposit and first months rent is collected. The listing broker's agent should be paying you. The broker owns the listing.
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answer by Marco Torres    |   Contact Me
The commission is paid from the first month of rent and it is collect when the exchange of keys for money when the Tenant gets the property. The commission may be hold by the Tenant's agent and in rare occasions by landlord's agent when he/she decides to hold at the beginning the money on escrow,
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Dagmara Morales
answer by Dagmara Morales    |   Contact Me
The commission is released by your broker ones the deal is finalized. The tenant has the keys and the landlord their money. if the listing agent is holding any money in escrow at that point and once funds are clear they have to be released and commissions get paid. it depends on what your payment set up with your broker is. if the landlord has the escrow (3 months in this case) they will pay each broker involved directly and then your broker will pay you.
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answer by Alejandro Morin    |   Contact Me
IF the agent originating the "Contract to Lease" (aka: offer to lease/rent) received an escrow from the prospective Tenant and that deposit was clearly marked as 1st month rent deposit, then only upon an executed lease and delivery of possession, shall monies from that escrow can be paid to the Tenant's Agent from the affiliated realty brokerage (or escrow agent) as commission split from the broker's portion, otherwise if all monies were paid to the Owner/Landlord, the Owner/Landlord will pay the brokerage/entity and the Broker pays the Tenant's Agent.
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