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NYC > Q&A > broker fees

broker fees

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What is good advice for selecting the right real estate agent to work with to sell my condo or co-op apartment?

If I use a real estate agent to help sell my apartment, what is the typical commission (%) I would pay? How will the fee be impacted if the buyer has an agent as well?

If I am in the market to buy an apartment or townhouse and I want to work with a real estate agent, am I responsible for paying a broker fee or commission?

If I see an apartment with one broker and end up going back to the same building with a different broker and want to rent a unit there with the second broker, will I owe the first broker any fee?

Are broker fees for a rental apartment negotiable?

Yes.  By law, broker fees in New York are negotiable.  However, there are two sides to a negotiation and both parties must be satisfied with the agreed upon amount or there is...

Are there certain situations where I use a real estate agent to find a rental apartment, but the landlord pays the broker fee (no fee to me)?

Yes, but only under specific circumstances.  Similar to any other service provider, a real estate agent performs a service for the benefit of a consumer (client or landlord) and expects to get...

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