Commissions paid in property administration

Question

What commission % range does the individual realtor usually earn when they commercialize a vacation rental property and for how long?

Example:

Say one individual realtor closes a deal with a property owner of one apartment to administer it and rent it out for vacation purposes on OTAs.

What commissions would the individual realtor earn and for how long?

Answer 1

On rentals, usually the commission is a set rate that the realtor and client agree on before hand. It is a set rate per rental agreement. So if you have a one year contract on the property and you are renting it out weekly for $500 a week, you could agree that you get $50 every time you find someone to rent it. (This is just an example. You should always set your own price.) But if the price is varying on what you are renting it out for and you don't want to keep having to rewrite a contract, that's when I would use a percentage. But again, no one can give you an exact percentage to use because you have to set your own price and negotiate it with your client in order to be competitive in your local market.