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Updated about 8 years ago,
Realtor Fee - 1 Month's Rent?
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