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Who pays the agent's commission when I rent out my NYC condo? (FAQ#8)

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Real Estate Agent with Douglas Elliman Real Estate

Who pays the agent's commission when I rent out my NYC condo? FAQ#8

We sell many condo units for our out of town investors, once the property is sold and closed, we will help the owners to find qualified tenants.

Since many of our owners are not familiar with NYC condo market, they often ask who pays the agent's commission when they rent out their NYC Condo.

This is not always definitive depending on what the market place is and how active the rental market is. In today's rental market, we are seeing majority of potential tenants pay for agents' commission. The potential tenants will pay both owner's and tenant's brokers' fee.

If you are an owner and seek for an experienced agent to assist you in finding the right tenant, we are the agents for you. Call today at (917)837-8869.

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Morgan Evans is a Licensed Real Estate salesperson in Manhattan New York specialize in neighborhoods such as: Greenwich Village, Soho, Union Square, Upper East Side, Upper West Side, Chelsea, Midtown West, Midtown East, Nolita, Lower East side, Financial District in Manhattan. Morgan specialize in working with international buyer, high net worth buyers,  parents buying for children and investors buyers. Contact him today by calling (917)837-8869.

https://www.eileenandmorgan.com/
Dorchester Towers Condo

 

Comments(3)

Kathy Stoltman
Ventura, CA
RETIRED

This is really interesting how this scenario is so different in different cities and states.  

Jun 08, 2012 12:43 PM
Eileen Hsu
Douglas Elliman Real Estate - Manhattan, NY
LICENSED REAL ESTATE SALESPERSON

Rental market is very active in New York at the moments, potential tenants is responsible to application fee and agents commission in todays market.

 

Jun 08, 2012 11:18 PM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Morgan, nice to know someone gets paid, here most property managers are the only ones getting paid for rentals.

Jun 08, 2012 11:38 PM