Broker Compensation Agreement
Coldwell Banker Residential Property Management is committed to working with MLS agents and complying with the new regulations of the NAR settlement agreement. Every listing from Coldwell Banker Residential Property Management will offer Tenant’s Agent compensation.
To be eligible for compensation, you must show the property and get your client to apply. We will then process the application and contact your client for additional information needed for approval. Once the tenant has moved in, we will pay the commission. Commission amounts are paid on base rents, with no additional fees or charges tenants may be subject to, such as pet rent or home assistance fees.
We need a copy of your tenant representation agreement if you want to be included in the leasing process and have leases sent to you.
Commission Break Downs
$500-$999 monthly Rent
$150
$1,000-$1499 monthly Rent
$200
$1500-$1999 Monthly Rent
$250
$2,000 + Monthly Rent
$300
Showing Instructions
The majority of our listings will be listed through MLS and can be scheduled through Showing Time. Vacant properties will be listed as Go and Show. Occupied properties will be listed as a courtesy notification.
Occupied properties can not be shown on the same day. The occupying resident must have at least a day to prepare showings, and there are no Sunday showings. We will establish the showing rules in Showing Time.
Pre-Leasing Units
We define Pre-Leasing Properties as those on the market now, but the lease will not expire for some time. This is typically done for properties close to Texas Tech University, with leases expiring in June and July. These properties will typically go on the market in February, with Availability for move-ins in July and August.
These properties will not be placed in the MLS. However, you can schedule a showing through our site. After you schedule through our site, you may request a key using our key checkout form. CLICK HERE
