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Updated about 6 years ago on . Most recent reply
Question for realtors when listing SFH for rent on MLS
I understand it is typical for commission to be equal to one month rent. Is it an unwritten agreement among realtors to not show houses that pay less? For instance, if commission is 1k but house is listed at 1,600 month.
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Wade,
Being a licensed real estate agent myself, I don't believe that would be legal written or unwritten. Agents or Sales person can't get together and 'set' a commission across the board. Now it is common practice to charge 1/2 - 1 month's rent for such but, if realtors from different brokerages in the area have gotten together and agree to 'set' a commission so as not to undercut each other and stifle competition - that would be price fixing violates antitrust laws which of course would be illegal. However, don't confuse this with common practice or pure coincidence.
Hope this helps.