Asked by Howard, New York, NY • Wed May 8, 2013
We have a non-exclusive apartment broker who has worked for us finding a spot in NYC the past few weeks, however we just found a place on our own that had a listing agent and property manager attached to it. We didn't want to risk potentially losing the apartment by throwing yet another party (our broker) in the mix to split the broker fee, especially because our broker didn't do anything to find this property.
What's proper etiquette when informing the broker that we found a place on our own and they won't be getting any payment? We feel bad because they did work hard - obviously a thank you note, maybe flowers? maybe a small thank you cash gift?
What should we do?
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