Management Company Renewal Fees- commercial real estate
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[{"id": "imphpnd", "text": "Depends on your state laws. I\u2019m in WA where it\u2019s entirely illegal for anyone not licensed as a broker to collect a brokerage fee. If your states laws are the same that might be the reason. \n\nIf that\u2019s the case though it would beg the question: \u201cWell who here *is* licensed?\u201d Because if your company is breaking the law by taking a commission they have no right to that\u2019s not cool.", "replies": [{"id": "impk6bo", "text": "Thanks for your insight- the president of our company is licensed. Is it still considered a commission/brokerage fee if it is being charged to the owner as a \"management fee?\"", "replies": [{"id": "impphg8", "text": "That\u2019s a great question that I don\u2019t have a solid answer for. If it\u2019s truly billed as a management fee rather than a brokerage commission then it may very well be legal. That said, I\u2019m not the right person to say that definitively.\n\nIf it is a management fee you likely have a stronger case for a piece of that pie though!", "replies": [], "depth": 3}, {"id": "imq1h6e", "text": "There is a difference between a management fee and a commission on a renewal.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "implk8i", "text": "No, you have no right to the fee.", "replies": [{"id": "imq8xkh", "text": "Thank ya", "replies": [], "depth": 2}], "depth": 1}, {"id": "impte5g", "text": "You get your salary bud, do your job.\n\nGo find some new business for your company if you want to get paid like a deal maker.", "replies": [{"id": "impuio8", "text": "Thanks for your perspective", "replies": [], "depth": 2}], "depth": 1}, {"id": "imq5rcv", "text": "So if I understand this right, the company got all these customers themselves but you want a big payout just because you were assigned this particular paperwork duty?", "replies": [{"id": "imtmg1h", "text": "FYI- I am not asking my company for anything. I simply posed the question.", "replies": [{"id": "imuzrax", "text": "\"I asked whether I would see any of that fee and the answer was a simple \"no.\"\n\nLOL, you already asked once, now you are seeing if you have any angles to try to force them.  Brokers get that money due to the footwork they have to do meeting with clients and finding buyers or renters.  Meanwhile you sit on your butt and get that handed to you already done plus you already get an hourly wage but somehow you think you are entitled to the commission too, it's unethical and I hope you fail.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "imrt3ew", "text": "Start your own company if you want profit sharing", "replies": [], "depth": 1}, {"id": "imya08s", "text": "The 2% is an incentive based bonus to the company.  It\u2019s not a real estate commission.  The management company argument is that I did such a good job managing your property that the tenant wants to stay, and I get a bonus for them staying.  \nNow if you had to negotiate the renewal directly with the tenant, then I would ask your company for a renewal bonus.  If your an asset to your company and not a paper pusher they may give you that.  But they are not obligated too.", "replies": [], "depth": 1}]