One-shot deal example or why brokers don’t co-broke the One-Shot Deal
The numbers used here are for illustration purposes only. Although most brokers pay their agents 60% of the broker’s fee this can and does vary.
The Examples
No Co-Broking The One-Shot Deal
- Rent = 1250.00
- The program will pay ½ of 1250.00
- Broker’s fee = 625.00
- Agent’s fee = 60% of Broker’s Fee
- Agents fee = 365.00
- Broker’s final fee = 260.00
With Co-Broking The One-Shot Deal
- Rent = 1250.00
- The program will pay ½ of 1250.00
- Broker’s fee = 625.00
- Co-Broker Fee = 50% of Brokers Fee
- Co-Broker fee = 312.50
- Both brokers have agents that facilitated the deal. Both agents get 60% of their broker’s fee
- Co-Brokers Agent fee = 60% of 312.50 which = 187.5
- Brokers Agent fee = 60% of 312.50 which = 187.5
- Both brokers final fee = 125.00 each
Analysis
Renting an apartment through a program is more time consuming and frustrating than a regular rental. As you can see to co-broker this type of rental is just not worth it.
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Disclaimer: I am not a lawyer and nothing stated here is legal advice. This article applies to the five boroughs of New York. All information deemed accurate but not guaranteed. Always check the real estate laws in your part of the country.
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