Do buildings get kickbacks from brokers?
Started by aptrenter
about 13 years ago
Posts: 0
Member since: Oct 2012
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There's been a lot of discussion in this forum about the 12-15% broker fee. I understand that, on the surface, this fee is split between the tenant's agent and the exclusive agent, where there is one. In situations where the exclusive is contracted by the building (i,e., he is not a building employee), has anybody heard of property managers, owners, supers, or leasing agents taking kickbacks from brokers? How do brokerage firms lock down exclusives beyond "the relationship"?
I am sure that happens from time to time, but generally not. The LL wants the apartment filled.
data?
Just suck it up and pay the fucking fee, or find an apt w/o one. There is no major conspiracy. It's a business.
jim, why don't you and the brokers suck up and lower the fvcking fee?
because the option exists to get an apartment w/o one. people who don't find value have the option.
everyone likes "gifts" and will give preference to the brokers who provide them. this is a common occurance. the "gift giver" will have the first shot and may even get a week to rent it prior to the listing coming out to the open market.
ab_11218
about 3 hours ago
Posts: 1669
Member since: May 2009
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everyone likes "gifts" and will give preference to the brokers who provide them. this is a common occurance. the "gift giver" will have the first shot and may even get a week to rent it prior to the listing coming out to the open market.
would that be akin to say, someone in another business taking a client out for a dinner and drinks?
i other words, sop in any industry?