Question re: broker fee

Started by citi10009

over 15 years ago

Posts: 14

Member since: Sep 2008

Discussion about

So I went around with a broker today to see some apartments for rent. I signed some sort of contract beforehand, which listed all the apts we were going to see. When we got to one of the buildings, the unit that my broker suggested turned out to be not so great, but at the suggestion of the super, we looked at another unit that was perfect. In this situation, can I go straight to the super (who was very helpful) and negotiate a lease? Ethics aside, would I still owe the broker a fee?

Response by uev1

over 15 years ago

Posts: 1

Member since: Jun 2010

Why'd you want to be in a building with somany empty apartments available? That says the building doens't have happy tenants. You want to be next? The super is helpful because he gets a commission. Then people leave and he gets to show it again and get more commission.

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Response by jim_hones10

over 15 years ago

Posts: 3413

Member since: Jan 2010

yes, you would owe that broker money. you signed a fee agreement, covering that broker on that building for up to 180 days.

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Response by anonymous

over 15 years ago

This two way game of cheating the other side is all caused by landlords' failure to pay for their own costs of finding tenants. That would be a better "system" but of course why would landlords volunteer that.

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Response by kharby2

over 15 years ago

Posts: 279

Member since: Oct 2009

I agree. Landlords should pay the broker's fee. But it happens this way because vacancy rates are so low in New York City.

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Response by inonada

over 15 years ago

Posts: 7952

Member since: Oct 2008

Ethics aside, did the contract specify buildings or specific apartments. That would give you your answer.

Question re: broker fee

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