broker fee

New York City style apartment buildings exterior view with windows and fire escapes

The Search

By Celia Young |May 8, 2024 - 11:30AM

West 106th Street and Hudson River in New York City

Sell

Are NYC sellers paying smaller commissions to buyer’s brokers?

By Jennifer White Karp |April 29, 2024 - 9:45AM

Overhead view First Avenue with traffic drivings through the buildings of Manhattan in New York City, as seen from the Roosevelt Island Tramway

Negotiations + Closings

NAR restructures broker commissions in $418 million lawsuit settlement

… The National Association of Realtors NAR agreed on Friday to pay out $418 million and … their deals due to a preemptive rule change from the Real Estate Board of New York REBNY in January NAR faced a series … required a sellers agent to offer compensation to a buyers broker in order to show a home on the Multiple Listing …

By Celia Young |March 15, 2024 - 3:08PM

A variety of old brick homes and apartment buildings with overhead wires in Astoria Queens of New York City

The Search

Bill shifting broker fees to landlords is back. So is the fight to pass it

By Celia Young |March 5, 2024 - 10:36AM

Lamp in a window as part of the façade of a residential building in central Manhattan

The Search

NYC real estate firm fined $260,000 for charging sky-high broker fees

By Celia Young |January 31, 2024 - 1:30PM

Negotiating + Financing

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

… youre working with one of REBNYs 14000 member brokers heres how it is supposed to go in theory A seller will negotiate a … then accept reject or negotiate the offer If the seller doesnt offer a fee to your broker or doesnt offer enough … low one which means your dream home could potentially be as much as 3 percent more expensive … Why paying a buyers …