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Posted by Ken on November 13, 2000 at 18:33:49:

In Reply to: Re: When all else fails, grease the LL's palm... posted by Harry Cho on November 13, 2000 at 18:00:35:

18% is not an unheard of fee. If this is a desireable rent stabilized apartment with a rent substantially below market there are undoubtedly lots of other people interested. Its really doubtful that the broker will lower his/her fee. You pay for something one way or another, I guess. Sorry TenantNet, but this situation shows who really benefits from rent stabilization -- brokers and well-connected tenants, NOT the poor or working class, as some have contended.

I should add that ideally, the broker works FOR you ... by finding out apartments that suit your needs, negotiating with the landlord on your behalf, and doing whatever it takes to get you in. Lots of real estate brokers out there - find one who you can work with and who will earn his commission.

Follow Ups:

• Re: Brokers Harry Cho 11/14/00 (1)
  • Broker regulation ? Ken 11/15/00 (0)

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Comments:
: 18% is not an unheard of fee.  If this is a desireable rent stabilized apartment with a rent substantially below market there are undoubtedly lots of other people interested.  Its really doubtful that the broker will lower his/her fee.  You pay for something one way or another, I guess.  Sorry TenantNet, but this situation shows who really benefits from rent stabilization -- brokers and well-connected tenants, NOT the poor or working class, as some have contended. 

: I should add that ideally, the broker works FOR you ... by finding out apartments that suit your needs, negotiating with the landlord on your behalf, and doing whatever it takes to get you in.  Lots of real estate brokers out there - find one who you can work with and who will earn his commission. 


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