Michael Reyes Commercial Realtor

In the realm of real estate, two key professions often intersect: leasing agents and real estate agents. While both roles involve facilitating transactions within the housing market, they have distinct responsibilities, qualifications, and compensation structures. Understanding the disparities between leasing agents and real estate agents is crucial for those considering a career in real estate or seeking services within the industry. What is Leasing Agent? Leasing agents primarily focus on facilitating the rental process for residential vs commercial properties. Their responsibilities include marketing available properties, screening potential tenants, conducting property viewings, and negotiating lease agreements. They act as intermediaries between landlords and tenants, ensuring smooth transactions and addressing any concerns that may arise during the leasing process. What is Real Estate Agent? Real estate agents, on the other hand, have a broader scope of work that encompasses buy...

In the realm of real estate, leasing agents play a pivotal role in connecting landlords with prospective tenants, facilitating property rentals, and ensuring smooth transactions. Central to their compensation is the commission structure they operate under. The landscape of leasing agent commission structures is diverse and multifaceted, reflecting the intricacies of the real estate market. In this comprehensive guide, we delve into the various types of commission structures, factors influencing their design, strategies for negotiation, and the legal and ethical considerations associated with them. Types of Commission Structures Fixed Percentage Commission: In this model, leasing agents earn a predetermined percentage of the total lease value. For instance, if the commission rate is set at 5% and the annual rent for a property is $20,000, the leasing agent would earn $1,000. This structure provides clarity and simplicity for both landlords and agents. However, it may not always align pe...