Technically, a commission is earned from being the procuring cause of the sale, but if the agent is not the procuring cause and you are out of contract, it would seem to me that you don't owe the agent anything.

In fact, I would generally avoid most multi-units in South Florida unless YOU are the procuring buyer.

Looking for tenant procurement service only.

In Nashville, where my other properties are located the typical management fee is as mentioned 8-10% of gross rents, however, what I do see a lot of variation in is the "lease fee" the percent of the first months rent to procure the tenant.

As for whether you'd be responsible to take out a loan if an investor puts 20% down; unless you have another means of procuring the other 80% - yes. 

Also included on the list of activities that require a license are any attempts to lease property, any acts directed at procuring tenants for a property, the negotiation of leases, or advertising or holding oneself out as in the business of leasing property.

We are at $49,600 over asking price.Sure, he could have saved the $20,000+/- commission by going FSBO, but I think he's pretty darn happy that he had me on his side.At this point, my recommendation would be for you to contact that agent and tell him that you will accept a full price offer, as-is - with no further concessions and get those terms in writing.PS - even if the buyers later purchase your home without this agent, he will have a strong claim for commissions as he is what is called the "procuring cause" of the sale.

You also do not want to have the listing agent show you the property, thus becoming the procuring cause of the sale and then have your current agent jump into the picture.

I procurred a buyer before the land even closed.

Then they might even feel entitled to a procurement fee anywhere from 100-half a month rent to a whole month's rent or more in some areas.