Reminders / Instructions
Up to 4 separate checks may be required, depending on the negotiated commission, transaction fees and lease terms. Commissions are typically 50% of the first month's rent to each agent, unless otherwise negotiated.
1. Tenant → Buyer's/Tenant's Agent: Commission check payable to the Buyer's/Tenant's Agent brokerage, typically 50% of the first month's rent, plus any applicable transaction fee. This check stays with the buyer's agent.
2. Tenant → Landlord: Security deposit check payable to the landlord or property management company, including any additional fees required by the lease, such as pet or cleaning fees.
3. Tenant → Listing/Landlord's Agent: Commission check payable to the listing agent's brokerage, typically 50% of the first month's rent, unless otherwise negotiated.
4. Landlord → Listing/Landlord's Agent Brokerage: Separate $150 compliance/transaction fee check, if applicable, payable to eXp Realty LLC.
IMPORTANT – COMMISSION PROCESSING All checks payable to eXp Realty LLC must be delivered to the Novi office. To ensure timely commission processing, email copies of ALL applicable checks and the Dotloop link to closingassist@pernateam.com and CC SuzanneKowalski@PernaTeam.com