Your tenant moves out after 2 days...commission returned? Lets say that you are referred a renter who is in need of a short-term rental. They sign the lease and move in. Two days later they move out for no given reason. Should the commission be returned? At what point is a commisson earned? Is it at the point of delivering the keys? Have any of you had this type of thing happen to you? Thanks! |
The Monaghan Group - Glendale, AZ
CRS, GRI, EPro Associate Broker
You may not like my answer leagally yuou may have earned your comission but i don't feel that it is earned as the renter is not a viable renter.
Jan 25, 2008 04:34 PM
Cooper Jacobs - Seattle, WA
206-850-8841
I agree with Andrew from an ethical point of view and also customer service, but I don't so a lot of rentals....
Jan 25, 2008 04:40 PM
Frank Howard Allen - San Rafael, CA
Andrew,
I guess the question is more of an ethical one rather than a legal one (at least for me). I appreciate your answer.
I think the commission should be returned. The security deposit and rent forfeited, unless they are able to quickly re-rent. What I'm really interested in is everyones opinion as to what moment a commission is earned, in a lease situation like this. Is it 10 days after they move in, 30 days, etc.?
Jan 25, 2008 04:42 PM
New Home Hunters of Fort Worth and Tarrant County - Fort Worth, TX
Fort Worth Real Estate
Steve, I would contact your office attorney as to the legality, but I would think that ethically, you should either consider returning the commission, or at least re-leasing the property for no fee.
Jan 25, 2008 04:49 PM
Real Estate One - Commerce, MI
Michigan homes for sale ~ yesmyrealtor@gmail.com
I think you need to return the commission to avoid the lawsuit or small claims. I do not think you would win.
Jan 25, 2008 10:21 PM
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