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When you need a place to live in NYC, an apartment broker can help you navigate that matrix of madness. But is hiring one worth it? StreetEasy has answers to all your burning broker questions. What exactly is a broker, anyway? A rental broker is a d real estate professional who handles the logistics of renting apartments. In New York state, brokers must pass an exam and meet certain educational requirements to earn their .
A broker works on your behalf to find you the right place at the right price. Property management companies rent apartments only in their specific buildings. Brokers, on the other hand, work for the apartment hunter: you. Brokers can have access to rentals in various buildings and neighborhoods, so their inventory will be larger.
They act as a middleman between renters and landlords. Brokers are not essential for rental buildings that have in-house leasing offices. But they can be invaluable if you want to cast a wide net with someone who intimately knows a particular area. Renting an apartment in NYC can be pricey, whether you use a broker or not. But there are laws in place that limit some fees. If you hire a broker and you successfully rent an apartment together, he or she will earn an agreed-upon commission on the deal.
Some brokers, referred to as listing brokers, offer no-fee apartments. Learn more about no-fee apartments. A good apartment broker can save you time, effort, and money. Be wary of a broker if:. Search NYC Apartments. Our guide for renting in NYC shares everything you need to know about the ins and outs of renting, from how much rent you can afford to tips for breaking a lease hey, it happens! What Is an Apartment Broker? The NYC rental market is complicated.
A broker can help you navigate it. Avoid Getting Scammed by Apartment Brokers A good apartment broker can save you time, effort, and money. If the photos for all the places look the same, that probably means the actual apartments look very different. Then they will try to show you other lesser listings. Good brokers will take the time to vet listings and walk you through the application process, so you feel comfortable. Find your Next Home. Share anonymously to tips streeteasy.New york apartment broker
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These are the most famous NYC real estate brokerage firms