Posted by Anna on May 18, 2000 at 13:23:56:
In Reply to: Re: posted by MJ on May 16, 2000 at 16:14:40:
: Does anyone know a way of fighting the realtors on their outrageous non-refundable "application" fees? It's just too much that on top of the 15%+ broker's fee, you have to hand them upwards of $50 per person to run a credit check and process a piece of paper (when you can get the report yourself for $8).
: It's especially infuriating in the case of realtors who accept applications and the fees from several prospective tenants simultaneously; this strikes me as being completely unethical. Is there any limit to these realtors' greed?
: Thanks in advance for any tips,
: MJ Devaney
What's outrageous is the 15% brokers' fees! At least you don't owe it until after a fully executed lease is in your hands. In the rest of the country, the landlord pays it and it is only 1/2 to 1 month's rent...
The application fees are reasonable: the broker must pay those credit bureaus and does pay an employee to process the thing...
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