Financing in Cambridge>Question Details

Hiki, Home Buyer in Cambridge, MA

broker fee when renting with the leasing office?

Asked by Hiki, Cambridge, MA Tue Jan 29, 2008

I plan to rent an apt directly with the rental broker in the leasing office. When I asked whether he charged fee, he said yes and asked me to write check payable to him.

Is this usual?

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Answers

1
Depends on the market. In a soft rental market seller writes the check, in landlord's market you write the check. I've written brokerage fee checks myself when I used to rent (Brighton, Somerville). Fees are ALWAYS negotiable. What I'd recommend if you have not already written the check is to say you want the place but the seller can pay the fee, if the agent objects and you feel you are in jeopardy of losing the place and you want it, tell him you will pay half - again it's all a negotiation, but to answer your questions, yes, it is standard practice.
Web Reference: http://www.provestre.com
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