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

… rules that went into effect January 1st Instead of a seller paying a 5 or 6 percent fee that would then be split between … lawsuit REBNY is the dominant real estate trade group in NYC and most brokers here are not members of NAR … When … to the latest Elliman Report Carey pointed out that NYC sellers have always had the power to negotiate fees or …

By Jennifer White Karp |April 29, 2024 - 9:45AM
Does a buyer in NYC need to pay a broker fee?

… it would fight an antitrust lawsuit filed in early November by a New York seller against it and 26 NYC real estate firms … you want to take on unless you have the bandwidth he says … Coop deals go smoother with a broker … Buyer representation … zero commission was offered he writes Notably properties sold through REBNY in Manhattan and Brooklyn are much …

By Jennifer White Karp |December 28, 2023 - 11:30AM
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 signed and the broker fee is paid they part ways and the interaction ends When that lease is up for renewal the ensuing discussion is between the landlord or …

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