Did you know it costs absolutely nothing to look at New York apartmentswith Real Estate Agents who are known as Buyer's Brokers? This is because when a New York apartment is sold via a Real Estate Agent, the commission is paid entirely by the Seller. The overwhelming majority of New York apartment owners choose to hire Seller's Real Estate Agents to market and advertise their apartments because Seller's Agents have a proven track record of selling properties for more money. Whether or not a buyer decides to look at New York Real Estate for sale with the help of a Buyer's Broker, or does everything on their own, a commission is always paid when a New York apartment is represented by a Seller's Broker.
for sale are represented by a Seller's Broker. This means when prospective New York apartment buyers shop via the NY Times, Internet, etc., they are responding to ads that are placed by the Seller's Agents and Brokers. The Seller's Agent/Broker is contractually obligated by New York Real Estate Law to work on the seller's behalf to obtain the highest price possible for their New York apartment. Therefore, buyers who believe they will save money by looking at New York apartments on their own, inevitably wind up paying more because they inadvertently end up going to and dealing directly with the Sellers' Real Estate Agent, without having their own representation. This is the equivalent to suing someone, and hiring the same attorney that the person whom you are suing is using. In an effort to clear up any confusion, as of January 1, 2011, the Department of State made it mandatory for Licensed New York Real Estate Agents and Brokers to publicly disclose their role as either the Seller's or Buyer's representative. Click Here to read the Department of State Disclosure Form.
Why Shop For A New York Apartment
Without The Help Of A
New York Real Estate Agent?
You Are More Likely To
Pay More By Looking On Your Own
After Negotiating Directly With The Seller's Broker.
The New York Real Estate Agents that we pair with
prospective buyers are all members of the Real Estate Board of New York
(REBNY). This organization is the governing body that sets guidelines that New
York Real Estate Agents and Brokers who are member agents follow. One of the
major functions of REBNY is to give Sellers' and Buyers' New York Real Estate Agents a pre-arranged
agreement so they can effectively show New York apartments in Manhattan that
are on the market. This makes the process easier when a New York apartment for sale is represented by a Seller's Agent from one company, and a Buyer's New York Real Estate Agent that works for another agency wants to show it to their
customer. The lack of a Multiple Listing System (MLS) that displays Manhattan apartments in
NYC for sale makes REBNY an
important organization for every New York Real Estate Agentand Broker to utilize. To learn
more about REBNY and the role it plays with regards New York
apartments for sale in Manhattan, visit the Real Estate Board of New
York Website.