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Old 20-03-2008, 12:44
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dizbuster dizbuster is offline
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Join Date: Dec 2004
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Cool

Just found this on my lunch break trundle through the internet...

IEA - Institute of Estate Agents

If you open the pdf you will see that item 2.3 covers commission for Rentals and states the following...

Landlords
"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.

One half (1/2) of a month's gross rental for less than twelve (12)
months’ lease."

Tenants
"For cases where the gross monthly rental is $2,500 or less

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."

This only covers CRS accredited agents. Beware offers from Taxi Drivers and other such offers from people who are agents in their spare time. I'm not saying they are bad, just that they won't necessarily be covered by the above. They may very well be honest people just trying to make a few extra dollars, but better "safe than sorry" in my opinion.
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