Broker fees when dealing direct with listing agent

Agree!

Well, they will have to do more work. The amount of the extra work varies depending on the listing. But especially if it is a Coop sublet, it can be a lot more work.

There's a relationship between the amount of work and the broker's fee? That's news!

Isn't that exactly how discount brokers work?

In sales it's much more professional, the standard commission is 6% (http://www.hauseit.com/whats-typical-real-estate-commission-in-nyc/) of the sales price and is split 50/50 between the listing agent and buyer's agent if there is one. If the buyer is unrepresented, the listing agent keeps all 6%.

However, because of strict REBNY co-broke rules, there's zero disadvantage to using a buyers' agent. That co-broke is sacrosanct. More reason you should get a buyer agent rebate vs settling for a bottle of champagne as a closing gift :-)

With rentals that don't have the complications of coop rules if you do go direct you should be able to negotiate down to one month's fee - that's a little more than half of the 15% - for a 4k apartment that would work out to 4000 rather than 7200. The listing agent gets a little more than with a cobroke and as long as you have all your paperwork in order it's not that much more work on their part.

Whatever the fee is if you choose to go directly to the listing agent is contractual with the seller -- someone might have signed a listing agreement as a 6% percent if co-brokered, 3% if direct, but they could also have signed a 5% if co-brokered, 4% if direct.Since commissions are always negotiable, yYou'll have to ask in every specific case.

ali r.
{downtown broker}