Do leasing agents make a lot of money?
Commission-Based Earnings A leasing agent may get up to 15 percent of a lease, but the total amount earned may be based on the amount of rent paid for the first three months or the first year, depending on the agreement with the landlord.
What is the average commission for a leasing agent?
40-50% of a full months rent depending on the amount of rentals per month. Most agencies split their commission with another agency and then the agents commission is split again with their managing broker.
Is leasing agent a good job?
Of the various careers in real estate, apartment leasing agent is a good one for folks who are personable and outgoing, high-energy, and good at client service.
Is being a leasing agent worth it?
One of the best things about being a Leasing Consultant is that the money you make will be relative to the amount of work you put in. The stronger you are at sales, means the stronger you will be at leasing apartments and earning commissions and bonuses.
Is a leasing agent a good job?
How do I become a leasing agent with no experience?
Employers require leasing agents to have a minimum of a high school diploma. No experience is needed with job training usually provided by the companies. In addition, leasing agents generally need to apply for a real estate license before applying.
What are the benefits of a leasing agent?
Pay varies Now that’s not a windfall, of course, but some leasing agents receive other benefits, including breaks on rent and paid vacation or sick time. And some apartment communities offer bonuses when agents prompt someone to lease.
Is being a leasing agent easy?
As a Leasing Consultant, certain skills can make your career a lot easier. It’s imperative for you to have strong attention to detail, so you don’t make any mistakes with the lease agreements. Additionally, you need time management skills to deal with all the residents in your designated apartments.
What do leasing agents look for?
Landlords may look at your credit, rental history, income and criminal background—all to get a sense of what kind of tenant you would be. Remember that landlords aren’t necessarily expecting to find perfect credit scores, sky-high incomes and spotless backgrounds.
What are the duties of a rental agent?
A Leasing Agent, or Residential Leasing Agent, is responsible for renting out housing properties and assisting tenants with their needs. Their duties include meeting with prospective tenants to determine lease terms, receiving security deposits and coordinating with current tenants to discuss lease changes.
Do you pay real estate agents when renting?
Another advantage of using a realtor when looking to rent is that it doesn’t cost the renter anything. The landlord provides compensation to both the listing agent and the agent that brings the renter. When you hire a realtor, there’s no cost to you. It’s built into the rental amount and the landlord pays it.
How much do apartment leasing agents make?
But that’s high compared to the salaries commonly listed in leasing agent job postings. Many of these positions pay hourly rates of $13 to $15. One of the benefits of working for an apartment complex is that you may be able to live onsite with reduced rent, which is another form of compensation.
What is the job description of an apartment leasing agent?
Leasing Agent Job Description. The job description of a leasing agent involves working with people who are interested in renting or leasing apartment buildings and other properties instead of purchasing them. The agent searches out tenants for the owner of a property and is paid a commission when contracts are signed.
What are the duties of an apartment leasing agent?
Leasing agent responsibilities are of wide range and basically involve efficiently filling the real estate properties with responsible renters. Performing this duty requires searching for the prospective tenants, taking out the required details from them, and ensuring that it fits the landlord’s property.
How do leasing agents get paid?
How Leasing Agents Get Paid. The landlord’s representative usually receives one-half of his commission when the lease is signed and the other half when the tenant moves in. Commissions are normally 4% to 6% of the lease’s overall value, which is based on the space’s square footage and the duration of the lease.