Does a buyer in NYC need to pay a broker fee?

… The short answer is maybe because starting January 1st 2024 fees for … then accept reject or negotiate the offer  If the seller doesnt offer a fee to your broker or doesnt offer enough … cautiously in a market as complicated as NYC Heres more on what to consider regarding buyerpaid broker fees … …

By Jennifer White Karp |December 28, 2023 - 11:30AM
Sellers (and buyers!) should brace for a broker fee shakeup

… Significant changes are coming to how real estate brokers are compensated in New York City including … centuryold commission system typically buyers and sellers agents split the feeusually 5 to 6 percent of the sales …

By Celia Young |November 15, 2023 - 9:30AM
City Council bill to shift broker fees to landlords unlikely to pass this year

… Keep your checkbooks open Thats the message for New York City renters who will still bear the burden of paying a … like the current one brokers can ask for  thousands of dollars for access to some of the citys most desirable … as a New Yorker I was running into so many ruts in terms of how expensive it was how difficult it was and then also …

By Celia Young |October 20, 2023 - 3:00PM
Renewing your NYC lease and getting new roommates? You may have to shell out another broker fee

… For many renters who work with an agent to find an apartment in New York City once the lease is … who hires the broker If a landlord hires an agent to show an apartment the landlord pays the broker fee and if the … were approved by the landlord and signed the new lease In addition the original tenant paid a $200 renewal fee to the …

By Jennifer White Karp |August 31, 2023 - 5:00PM