Buying Condo: Management Purchase Application Fees

Not out of line. E.g., Elliman's application processing fee is $700 if there's a broker and $750 if not.

Managing agents don't make much money on annual charges, so it makes sense for them and for the owners to charge for piecework.

No reason for them to negotiate.

These fees are not out of line. For the purchase of my last apartment, the managing agent also charged for detailed documents needed for "due diligence" by my lawyer. Otherwise, the managing agent only gave the lawyer a "fact sheet".

Yep, other states management companies charge as much as 10%. Here, they typically charge 2 -3%, hence the inflated processing, transfer, application charges.

The application fees I've seen range from 300-600. Here, I'd be paying nearly 1100 on application fees for a condo. Ridiculous.