What is the Realtor fee for renting a single family house?
Hello, I own a single family home and an agent found a tenant.

I thought I was supposed to pay the first rent to him which turns out to be close to 10% of the first year annual income.

But he says I have to pay him 10% of rent for as long as the tenant he found stays in.

Is this a standard fee structure?

&amp;#x200B;

(Not asking if its cheap or expensive, just if people regurlaly take this sort of deal)
[{"id": "es9muha", "text": "10% isn't outrageous for a managed let.", "replies": [], "depth": 1}, {"id": "es9nbex", "text": "LOL at that agent. Commissions are market specific but there is no f'ing way anyone would pay 10% of rent in perpetuity. That is higher than a multi-year commercial deal. In my market I see 1 to 2 months of rent for residential.", "replies": [{"id": "es9tn5c", "text": "Standard is 1 month as a leasing commission and  anywhere from 5\u201310% of monthly rent as a property management fee. Maybe OP is confusion PM duties with commission?", "replies": [{"id": "es9uduh", "text": "ah, you could be right. OP?", "replies": [{"id": "es9v7e3", "text": "He told me that he would handle collection and communication with the tenant, but if any work needs to be done in the property I would pay 100% for labor and materials and would need to take time to arrange everything. Also in case of eviction I would have to foot the bills for the lawyer...\n\nBased on this the other comments I think the 10% is too much, lucky I didnt sign anything yet", "replies": [{"id": "es9yiul", "text": "I mean if you\u2019re taking the phone calls and finding handymen, what do you need him for? I\u2019d do a 1 year contract and keep the names of the people he connects you with, then get rid of the agent and do it yourself.", "replies": [{"id": "es9zqrt", "text": "Either OP needs to do it all and get rid of this guy or the agent/PM needs to do it all and OP pays him the 10%.  It's like they have a halfway arrangement.  A PM Should field the maintenance calls but obviously the owner pays for the invoice.  Sounds like there's some miscommunication.", "replies": [], "depth": 6}], "depth": 5}, {"id": "es9zlku", "text": "Sounds like you have a halfway property manager and halfway not. \n\n10% is standard for a property manager but that means that he does everything.  Collection, phone calls, orders repairs etc.  Yes you still pay for the repairs but he handles the time consuming stuff.", "replies": [], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "es9pkwk", "text": "Some contracts state that if the tenant renews the lease you pay the realtor again. I personally don\u2019t include this in my contracts unless the property is a very difficult one to rent out.", "replies": [], "depth": 1}, {"id": "es9q4gz", "text": "In Texas I have always paid one month rent. 10% monthly would only be paid if he is actually managing the property - as in collecting checks, taking the maintenance phone calls and making sure things get fixed, along with bookkeeping... and even then that 10% is negotiable.", "replies": [{"id": "es9tqne", "text": "This is right. I pay 1/2 month for new leases and 1/4 for renewals, but sign 2 year leases to keep those down. 7% on going PM fee. But I also told my PM he can have the listing when I sell (he\u2019s also an agent).", "replies": [], "depth": 2}], "depth": 1}, {"id": "es9r3fl", "text": "Your realtor is a dingus. \n\nStandard (at least in Delaware) is actually only 20% of one months rent, which the landlord usually pays us for finding them a tenant. \n\nIt being such a low percentage is why a lot of realtors just don\u2019t do rentals. \n\nHope that helps!", "replies": [], "depth": 1}, {"id": "es9st4s", "text": " I think you and your agent are confusing management service fee (they handle all management of property and tenant) vs the commission on finding a new tenant.", "replies": [], "depth": 1}, {"id": "esachhr", "text": "Do you have a signed contract with the agent? That's what you have to pay them. If you don't, then pay them what you feel like... and with the agents attitude I'd be on the low end.", "replies": [], "depth": 1}, {"id": "esdfqad", "text": "The terms you mentioned, sounds like you have a commercial broker. Those terms are what landlords pay for commercial properties not residential. \n\nThe standard charge for residential is usually 1 to 2 months rent depending on the market. I've never heard of a broker or an agent getting residual rent in residential real estate unless he's managing the property. \n\nLook over your contract, &amp; follow what you agreed too. But there are not normal terms.", "replies": [], "depth": 1}]