Do I have to pay the Realtor?

“I’m checking out rental properties online, hopefully I’ll find something worth putting a deposit down on. I’m had a friend in the Annadale look at a few locations & take pictures… If I contact the Realtor to get more info, or have her show my friend a few properties, and end up signing a lease with her… Do I have to pay her??? Or is she already being paid by the person who listed their home with her company? If you could let me know that’d be great! Thanks Kim”

Do I have to pay the Realtor?

Do I have to pay the Realtor?

Real Estate Agents are normally paid by the owner whom gave them the listing either for the purpose of finding them a renter, or in the hopes of finding them a buyer for their property. Just ask the real estate agent when you first make contact with him/her about whether there will be a fee charged too you. Real estate agents our required to disclose who will be paying the commission – but just simply ask them when you make contact.

When the landlord enlists a real estate agent’s help, it for them to lease, rent, or sell there property.  The commission is earned by the real estate agent because they found you for the landlord.  The landlords are extra careful when selecting the person whom will represent there interests, and so should you.

If you feel uncomfortable using a real estate agent, there are other avenues when finding a rental. I suggest looking threw the local newspaper of the town you want to rent in. The newspaper is still a great source for rentals. Another option for some, is on the Internet. There are so many great websites out there designed with the renter in mind, Craigslist.com being one of them.

Hope this helps ease your jitters.

Good Luck Kim, If you need any more help feel free to Contact Us again

If you know anyone in my area of Staten Island, New York that is in need of a good real estate agent, feel free to have him or her contact us as well.

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2 comments to Do I have to pay the Realtor?

  • Kim

    Walter,

    Thank SO SO SO much for answering my question. I have been looking online and noone has been responding too me. I just wanted to say Thank You

  • Hi! In the State of Florida, tenants almost never pay for the help of a Realtor. Here in Florida, we Realtors work for free for our buyers and our tenants. We are compensated for our work through the landlord’s or seller’s commission fee that is paid to the listing agents. Hope this helps! More info at markpalace.com/

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