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Help! - Do I have to pay the broker 18%?

Posted by Harry on November 13, 2000 at 15:06:56:

I found a rent stabilized apt thru friends of friends but I can't get the place without going through the broker. I met the tenant who is moving out but had to go see the broker since the management company says they only do rentals thru the broker. I'm resigned to having to pay the broker fee but they are charging 18% and I'm afraid of not getting approved for the apt. if I try to negotiate a lower fee. What is the best strategy?

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