And if the fee is negotiable, what is the best way to negotiate with the broker?
2006-08-14 10:30:51 · 11 answers · asked by BMB 1 in Business & Finance ➔ Renting & Real Estate
Being in the RE business all fees are negotiable. However you have to find an agent willing to negotiate with you...
On the other hand you might get better service from your agent if you settle on a higher fee and list with a Reasonable price not a Pie in the Sky type price then beating the agent down...
Otherwise you could be Just wasting your and your agents time...
But there is lots of competition out there and i'm sure you can find some New or desperate agent willing to bow to your every wish...
2006-08-14 10:44:21 · answer #1 · answered by Scott 6 · 0⤊ 0⤋
You can shop around to find a broker whose fees are the most reasonable.
Also, you have more leverage to negotiate the fee if your apartment is truly desirable and the broker stands to meet a lot of potential new customers/contacts if you have an open house.
2006-08-14 17:36:09 · answer #2 · answered by Molly M 3 · 1⤊ 0⤋
Look at it this way the broker is going to negotiate the price for your apartment, why not negotiate his fee?
O, by the way, my fee for this advice is only 2% of the selling price and that is non-negotiable......
2006-08-14 17:35:43 · answer #3 · answered by white61water 5 · 0⤊ 0⤋
Yes, you should be able to negotiate the fee. If the broker isn't, find another broker.
2006-08-14 17:34:21 · answer #4 · answered by Jack 5 · 0⤊ 0⤋
Fees are negotiable. Each company sets their fees. The agents within that company have to list at what the company requires.
2006-08-14 19:56:53 · answer #5 · answered by Karen R 3 · 0⤊ 0⤋
It is negotiable, HOWEVER 6% is extremely low in Manhattan!!! You won't get anything better than that. The average in Manhattan is 8%.
2006-08-14 17:36:25 · answer #6 · answered by cyanne2ak 7 · 1⤊ 0⤋
yes, the fee is always negotiable. find the broker/realtor who will best suit you and best wishes =)
2006-08-14 17:33:52 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Yes it is but I would not recommend to do so. You get what you paid for.
Sincerely,
Vladimir Rozumniy
Sr. Vice President/Managing Director
American Mortgage and Real Estate Group
8159 Santa Monica Blvd Ste., 201
West Hollywood, CA 90046
Direct (323) 428-5944
Fax (323) 331-1538
Email: info@amregroup.com
Website: http://www.amregroup.com
2006-08-15 00:35:30 · answer #8 · answered by vrazumniy 2 · 0⤊ 0⤋
No matter what state the fee is neg. there is usually a minimum or standard. Some states have a maxiumum as well. Try contacting the Board of Realtors if you have more questions.
2006-08-14 17:59:37 · answer #9 · answered by tianac23@sbcglobal.net 2 · 0⤊ 1⤋
usually you can get it reduced to around 4% but it depends on the broker...how to negotiate...ASK...and settle on one who agrees to it BEFORE its listed.....have it written in the contract etc
2006-08-14 17:33:57 · answer #10 · answered by Jack Kerouac 6 · 0⤊ 0⤋