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Rental Basics in 10538 : Real Estate Advice

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Fri Sep 14, 2012
Donald Mituzas answered:
If a rental listing is in the MLS, then the listing broker is required to pay a commission to a cooperating broker. That doen't mean that all transactions work this way. If an agent isn't being paid by the owner or landlord the commission can be anything from a half months rent to 15% of the yearly rent. In NYC more often then not the tenant is paying the fee and this is frequently 15% of the yearly rent. All commissions are negotiable.
Don Mituzas
http://www.nyhomeseller.com
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