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> as a landlord I want to use an exclusive broker How beneficial is the "exclusive" part? If it's a doorman building so the doorman can hold the keys and give

by dcosson 11y ago

> as a landlord I want to use an exclusive broker How beneficial is the "exclusive" part? If it's a doorman building so the doorman can hold the keys and give them to any broker who shows up, and you list it so any broker can show it, is that a lot worse for you?

dblock 11y ago
As a landlord I want 1) to rent out my place at the best price the quickest to the best tenant 2) to deal with the least amount of people possible. So I give my place to 1 broker only and let them handle that. Since I am also a renter the broker cuts me a deal on the broker fee when I rent, basically making it free when possible. That's another advantage of being a landlord. Usually fees in NYC are 15%. The exclusive broker is going to make 7.5% no matter what. If another broker gets in, they might make 7.5%. If you're dealing with an exclusive broker you might be able to get a better deal, maybe 12% instead of 15%, they are more flexible on the price. If you want an intro to my broker, I am dblock at dblock dot org ;)