REBNY Clarifies to NYC Brokers that Sharing Commissions with Buyers is Legal

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REBNY Clarifies to NYC Brokers that Sharing Commissions with Buyers is Legal Every week, REBNY sends its members a “Legal Line Question of the Week” email, which answers a legal question asked by one of REBNY’s members.  This week’s topic dealt with the legality of the real estate brokerage commission rebate and the answer, copied below, was […]

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Digs Realty and the Broker Commission Rebate in New York

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Digs Realty and the Broker Commission Rebate in New York What is the typical commission structure of residential real estate deals in New York City? In New York City residential real estate deals, the seller typically pays 6% of the purchase price to his or her broker.  This is split with the buyer’s broker if […]

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