. . .That some brokers are charging outrageous fees for rentals. Like waaaaaayyyy beyond the standard 15% of the first year's rent that's common in Manhattan. Perhaps this will taper off until next summer, now that August is behind us.
The most I've ever charged (so far) was 20%. Well, actually we negotiated it down a couple of percentage points. Keep in mind, though, that the apartment was under $800 a month AND rent-stabilized. And gut renovated. So in other words, a rare deal worth every penny to the person who took it and probably won't move out for a decade.
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