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Brokerage Docs & Fees
Brokerage Agreements: You may be asked to sign a fee agreement when enlisting the help of a broker. This agreement simply states that you agree to pay a fee to the broker if they help you to obtain a lease on a particular apartment. You do not have to pay a brokerage fee if you are unable to secure a lease through a broker.
Brokerage Fees: You are only responsible for this fee if you secure an apartment through that broker. Fees should always be made payable to the brokerage firm and not a specific agent. If an apartment listing says NO FEE, there will be no broker fees charged at any stage.
Owner-Paid Fees: In certain instances, a landlord may pay a portion of a fee to a broker. Your Real Estate Broker will help you prepare your application, double checking all requirements and following up with the leasing organization quickly to ensure that nothing slips through the cracks, particularly in special circumstances.