What forms do you need to be aware of as a new agent? Are you responsible for the purchase contract and other closing documentation? What disclosure forms do you need to present to clients? This may seem like an intimidating subject to new real estate agents in NYC; however, you will learn that there is …
Tips for Searching for Home Buyers in NYC
It’s important to realize that buyers can access almost every listing available through popular real estate search websites such as The New York Times, Realtor.com, Zillow, Trulia or StreetEasy. Moreover, the search functionality on some of these sites is extremely effective such that buyers can receive saved search alerts whenever a new listing that matches …
New York City Real Estate Closing Costs
What are closing costs in NYC for home sellers? What about New York City real estate closing costs for buyers? Read our comprehensive closing costs guide below! Real Estate Broker Commission It is important for consumers to understand that commission rates are negotiable and there is no legal or mandatory commission rate. However, home sellers …
How to price your home in NYC
Whether you are an agent creating a comparative market analysis for a new seller client or a home owner looking to value your home, it’s important to learn how to price your home in the unique NYC market first. A comparative market analysis, commonly known as a “CMA,” is a way to benchmark your home …
Sourcing your own real estate clients in NYC
You'll need to become good at sourcing your own real estate clients in NYC to be able to make a living as a real estate agent in the city. The commission splits we offer are very high, but it's important to realize that they apply to your own independently sourced and executed deals. Therefore, it's important not …
How Commissions Work in Real Estate in NYC
Who pays the commission in real estate transactions? It’s important to understand how commissions work in real estate in NYC before you start your property search. It's crucial to realize that sellers always pay a fixed percentage commission that can be equally split between a seller's agent and a buyer's agent. The buyer never directly pays for …
Sponsoring Broker NYC – Finding a Real Estate Broker Sponsor
Finding a sponsoring broker in NYC can be a confusing process. You’ll be faced with a plethora of choices ranging from recommendations from friends to advertisements you see online. What are some criteria you should look for when finding a sponsoring broker? What are some issues you should be wary of? Table of Contents: Is …
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Can a Real Estate Agent Use Another Agent’s Photos?
Generally speaking, no. It's usually never a good idea to use another agent's listing photographs even if you've received explicit verbal or written confirmation from the agent that you can use his or her photographs. We don't recommend using another broker's photos even if you have paid them money for it, or even if you've …
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What to Negotiate in an Exclusive Rental Lease Listing Agreement
An exclusive rental lease listing agreement is relatively straightforward vs an exclusive right to sell listing agreement, without much to negotiate. The most important items to negotiate or at least keep in mind are exclusive agency vs exclusive right to sell, fee vs no fee, the protected buyers clause, the expense reimbursement clause and of …
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