New York City
Northern New Jersey
Search Better With
Shop for a Broker
Open House Planner
Saved Listings & Folders
Stats and Figures
Manhattan Condo Market Index
Can a licensed NY Lawyer, when negotiating their own purchase for property in NY State, take a brokerage commission.
I am NOT a lawyer, so I can't give legal advice, and I would recommend that you check with an attorney.
However, I believe that the answer is no: it's self-dealing. When agents buy properties, for example, we don't take buyer's side of the commission. What you can do is use the fact that you're not paying out that half of the commission as leverage to negotiate on purchase price. What you can do on that end is of course going to be somewhat constrained by the listing agreement the seller has with his/her broker, and they're all different.
DG Neary Realty
Nope. They're lawyers. Brokers can't charge legal fees either. But lawyers do get exemptions from some of the requirements to write the broker test? Ethics part must be tough.
You failed to mention whether they are a licensed broker. If not, I believe the answer is a definitive "no."