Subject: RE: Real Estate Rental Questiongr33n - 2013-05-06 7:46 AM I know its standard on a lease renewal for the broker to get 10% (or 1 month's rent) of the annual lease value. Does anyone know if the tenant asks to extend for 3 months only that the broker also gets 10% of that 3 months value ? TIA If you're talking about commercial leasing, In the US I believe the broker generally gets paid on the total lease amount signed period. I know we signed one a few years back for a year with an option to extend for an additional 24 months and my broker wasn't too happy because he only got paid on the first year and not the second two years because it was an optional extension. Also, from the broker standpoint, similar to residential sales there is a total commission amount paid to the brokers and it gets split between the buy and sell side brokers. |