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I've worked for a no fee apartment rental company, RDNY.com. I can assure you that no fee apartments available through this company are priced exactly the same
by aurence 10y ago
I've worked for a no fee apartment rental company, RDNY.com. I can assure you that no fee apartments available through this company are priced exactly the same as apartments brokers take you to.
How can I be so sure of this?
Easy. RDNY.com has a "to the trade" division, Acmelistings.com which provides NYC real estate brokers and agents with rental apartment listings. About 2,500 agents and brokers use this service. They are aggregating listings from over 1,000 landlords and selling that info to agents to use in renting apartments to their own clients. The rental prices of apartments on RDNY.com are exactly the same, to the penny, as the information fed to brokers through Acmelistings.com.
So there is such a thing as a true no fee apartment. Saving the broker's fee represents a very substantial savings up front - when your expenses for rent and security deposit are highest.
After 21 years supplying no broker fee apartments to thousands of users, they must be doing something right.