These laws are rooted in the idea that competition creates the largest choice of products and services for consumers, providing them the broadest range of price and quality. The most common antitrust violations that are associated with the real estate industry include price fixing, boycotting competitors and allocating customers or markets.
Price-fixing is illegal. Brokers must independently determine commission rates or fees for their own firms only. Hinting to prospective clients that there is a â€œgoing rateâ€ of commission or a â€œnormalâ€ fee implies that rates are, indeed, standardized. The broker must make it clear to clients that the rate stated is only what his or her firm charges.
If you are looking to lease a property, you are not paying commission. If you are the landlord you should discuss the commission with your broker and come to an agreement.
I work at Bond New York's Commercial Headquarters in Manhattan. I'd be happy to discuss further, give you advice on your property and provide you with a quote and our companies commission structure.
Bond New York
The Sherman Antitrust Act prohibits brokers from discussing broker fees.
Each brokerage company charges different fee base on couple different criteria: how aggressive is the property been priced; will the property generate addition sales lead to the broker; how much money does it need to succefully market the property.
if you would like a quote from Warburg Realty Partnership, one of the oldest and more trusted firm in New York, Please contact me and I will provide a free visit to your property and give you a detailed quote.