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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.
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NYC broker fee law — which protects tenants from costs — challenged by real estate agents in 11th-hour push - MSNBut 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.
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