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As the real estate industry looks to increase transparency for consumers, referral fees could be the next target for scrutiny ...
Well this is just un-FARE. Sneaky New York City landlords have been using tricky tactics to get around a new law that bans them from charging broker fees to renters — hitting them with up to … ...
Referral fees may be paid between licensed real estate agents as compensation for finding clients, finding properties, or closing deals. Non-licensed individuals, however, cannot receive referral ...
But real estate listing website Streeteasy estimated the average cost to sign a lease on rentals that would have currently charged a broker fee will fall by 41.8% once the law takes effect.
Real estate referral fees depend largely on frequency, the market, client readiness and the value of the deal. I’ve seen anywhere from 25% to 40% of the gross commission income (GCI) being ...
The Real Estate Board of New York sued the city Monday to block a law that will force landlords to pay the rental brokers they hire rather than stick tenants with the tab.
But real estate listing website Streeteasy estimated the average cost to sign a lease on rentals that would have currently charged a broker fee will fall by 41.8% once the law takes effect.