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Domestic Economy

No Increase in Realtors’ Commission on Lease Contracts

Real-estate agents’ commission on rentals will remain unchanged in the current Iranian year (March 2020-21), Mostafa Qoli-Khosravi, the head of Tehran Realtors Association has said. 

“About 18 months ago, the association proposed an increase in real-estate agencies’ commission on rentals to Tehran Chamber of Guilds, which was refused. The commission would remain the same as that of last year, i.e. one-fourth of the monthly rent from both landlord and tenant,” he added. 

Commission overcharges accounted for 10% of people’s complaints from realtors last year, he was quoted as saying by IRNA. 

These are made directly to real-estate brokers for services rendered in the sale or lease of a real property.