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2. New York City ditches broker fees despite objections from ...

   www.aol.com/news/york-city-ditches-broker-fees...

   The new law will change how landlords and tenants pay real estate broker fees by requiring whoever hires the broker to be responsible for the costs. Currently, prospective tenants are on the hook ...

3. Mortgage brokers: What they are and how they can help - AOL

   www.aol.com/finance/mortgage-brokers-help...

   The lender usually pays the mortgage broker. Broker fees can show up on the loan estimate or closing disclosure in several ways, so ask in advance to avoid surprises at closing.

4. NYC considers ending broker fees for tenants, angering real ...

   www.aol.com/news/nyc-considers-ending-broker...

   Brokerage firms estimate that roughly half of the city’s apartments require a tenant-paid broker fee. The price of those fees can vary widely, though the standard amount is 15% of the annual rent.

5. Listing contract - Wikipedia

   en.wikipedia.org/wiki/Listing_contract

   The seller must pay the broker a commission if the real estate is sold to a buyer obtained through that brokerage. By agreement, if the seller finds the buyer him/herself, the seller does not have to pay a commission. Since there will be no co-operating broker involved, the property will not be listed in the MLS.

6. Closing costs - Wikipedia

   en.wikipedia.org/wiki/Closing_costs

   The listing broker may offer buyer agents a portion of their commission as an incentive to find buyers for the property. Payment is required if real estate brokerage service was used. This is often one of the largest closing costs. Mortgage application fees, paid by the buyer to the lender, to cover the costs of processing their loan ...

7. NYC bans unusual practice of forcing tenants to pay real ...

   www.aol.com/nyc-bans-unusual-practice-forcing...

   Mandatory broker fees, an unusual feature of New York City apartment hunting long reviled by renters, will be banned under legislation that passed Wednesday after overcoming fierce backlash from ...

8. Real estate agents and brokers - Wikipedia

   en.wikipedia.org/wiki/Real_estate_broker

   Flat-fee real estate agents charge a seller of a property a flat fee, $500 for example, [11] as opposed to a traditional or full-service real estate agent who charges a percentage of the sale price. In exchange, the seller's property will appear in the multiple listing service (MLS), but the seller will represent him or herself when showing the ...

9. Home buyers to be spared broker commissions up to 6% ... - AOL

   www.aol.com/news/home-buyers-spared-automatic...

   Currently, a home seller is essentially locked into paying a brokerage fee for listing their property on a multiple listing service, or MLS — usually 5% or 6% depending on their geographic area ...