It really depends on the individual company Professional Fee charges and/or your agreeable with the agent. Some agents are willing to settle for less while other feel their worth is much more. There is a saying that if we pay peanuts, we get monkey.In short, the job may not be done well and there maybe a lot of disbute between Tenant and Landlord when the lease expire because the contract may not be done properly. Hence,it is always good to check with the agent about his charges before you engage his service or go to his company website to check it out. Taking Propnex for instant our website clearly indicate our Professional charges. A sample is shown as follow:
Party Professional Fee Commission Payable to Agency for rental
Landlord One (1) month's gross rental for lease of first twelve (12) months or up to twenty four (24) months, and an additional one half (1/2) a month's gross rental for every subsequent twelve (12) months' lease or less.
Tenant One half (1/2) of a month's gross rental for less than twelve (12) months' lease.
One (1) month's gross rental for lease of first twelve (12) months or up to twenty four (24) months.
The professional fee is chargeable regardless of the rental amount.
An Agent shall not accept any commission from both the Landlord and Tenant in the same transaction without the prior knowledge or consent of the Landlord and Tenant of the transaction.
Commission shall become due immediately upon execution of the tenancy agreement by landlord and Tenant.
An Agent shall not accept any commission from both the Landlord and Tenant in the same transaction without the prior knowledge or consent of the Landlord and Tenant of the transaction.
Commission shall become due immediately upon execution of the tenancy agreement by Landlord and Tenant.
In a co-brokerage, the co-broking agents shall collect the commission from their respective clients as in the above or as otherwise agreed between the parties.
I hope this will be useful to you.
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