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When working on a rental listing the commission can either be the equivalant to one month's rent or as a percentage, normally 10% of the annual rental amount. As for the clause of 10% for each year of renewal, that is like all contracts/offers negotiable. You can agree to pay that fee for just the first renewal or not at all, basically up to you and your agent to negotiate. As stated,if the agent is going to do some property manangement duties, then that does change the circumstances.Lila LopezRE/MAX Advance Realty[phone removed by Zillow moderator]
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For Sale: $899,000
For Sale: $225,900
For Sale: $182,655