Agent2Agent in New York>Question Details

Joan Beach,  in New York, NY

What does no OP offered mean? I believe it has something to do with a commission offer or split between realtors?

Asked by Joan Beach, New York, NY Thu May 24, 2012

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means that the owner is cheap & does not pay the hard working broker for finding an amazing tenant :)

OP; Owner Pay.
1 vote Thank Flag Link Thu May 24, 2012
OP as every one mentioned is owner paid commission, meaning the owner/landlord pays a portion or a full fee. Consequently: "NO OP" means full commission to be paid by the tenant.

Konstantin
646-801-5777
1 vote Thank Flag Link Thu May 24, 2012
Hello Joan,

OP is the acronym for Owner Pay commission.

So No OP means No Owner Pay Commission.

Warmest Regards,

Raoul Sodogandji
International Market Specialist
VP of Sales and Rentals at the RS Group
Licensed Salesperson

(o): 212.252.8772 (EXT.782)
(c): 347.993.8333
(e): raouls@nestseekers.com

"In the past, our growth has been by referral of current clients. We've never really done much marketing." Please refer us to your friends and family.
1 vote Thank Flag Link Thu May 24, 2012
OP mean Owner Pays (commission) This means that the owner is NOT paying any commission to brokers. Hence, the brokers commission collect the fee from you. Best deals are always through brokers...
Good luck!
Parish
1 vote Thank Flag Link Thu May 24, 2012
OP stands for Owner Pays a one month commission to the broker.

No OP is for opposite meaning the fee would soley be coming from your client/Tenant
0 votes Thank Flag Link Thu Jun 14, 2012
"OP" stands for "owner pays" meaning that the owner will pick up the broker fee on the behalf of the tenant (who would normally pay). "One month OP" means the owner will contribute one month fee and tenants would make up any difference. Please let me know if I can be of assistance with any rental questions you have.
Best,
Charlie Summers, Bellmarc 917-376-1648
0 votes Thank Flag Link Tue May 29, 2012
Hi Joan. Just to reiterate, because sometimes six exact responses are simply not enough.

OP = Owner pays the brokers commission.

NO OP = YOU pay the brokers commission.

What does it all mean when we out it together? You pay first month's rent (maybe even first and last) and a security deposit that is usually equal to a full months rent. Then, you also pay the brokers commission which might be up to 15% of the yearly rent (approximately equal to a month and a half's rent).

Keep in mind we are in the rental season big time and there is little available. Get with a broker, get your paperwork together and get serious. Good luck.
0 votes Thank Flag Link Thu May 24, 2012
OP means Owner pays. The broker should reduce or not charge a broker fee at all.

--
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DOM PASCUAL, J.D., ESQ.
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Demsker Realty
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0 votes Thank Flag Link Thu May 24, 2012
"OP” (meaning Owner Pays) written on apartment listing, this is meant for the agent or broker.

It means that the Landlord is willing to compensate the agent or broker a fee for filling their vacancy.

So when you are showed an apartment that is “No Fee” by a licensed Real Estate agent, the landlord is paying their fee.

Best,

Marina Danilova
Licensed RE Agent
Jason Rosenberg Realty
718-419-8123
0 votes Thank Flag Link Thu May 24, 2012
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