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Updated about 8 years ago on . Most recent reply

Joel Heck's profile image
Joel Heck's profile image
Joel Heck
  • Rental Property Investor
  • from Denver, CO
  • Member since Sep 29, 2016
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Joel Heck's profile image
Joel Heck's profile image
Joel Heck
  • Rental Property Investor
  • from Denver, CO
  • Member since Sep 29, 2016
Connect
Joel Heck
  • Rental Property Investor
  • Denver, CO
6
Votes |
13
Posts
Buying & Selling Real Estate

Realtor Fee - 1 Month's Rent?

Joel Heck
  • Rental Property Investor
  • Denver, CO
Posted

Hello,

I'm looking to purchase a duplex in Michigan I found that is currently rented. Looking over my realtor's broker agreement, I noticed that in addition to a typical 3.5% commission fee, there's a "rental fee" for which I would have to pay him one month's rent since it's an investment property. I haven't seen a fee like this anywhere in the forums or blogs. Is this typical? 

Thanks

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