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Re: Overcharge for broker fees and deposit

Posted by Lilly on July 29, 2001 at 01:49:13:

In Reply to: Overcharge for broker fees and deposit posted by Gere on July 27, 2001 at 15:56:55:

That's ok IF the Landlord has a brokers license. In that case it would be considered a co-broke. New York State Dept of State web site- you'll be able to check to see if LL has a brokers license .IF LL is not a broker, then it still isn't an overcharge issue. It would be the broker you paid splitting the commission with a non-broker-forbidden for a broker to do that-in any event you had to pay your broker anyway, just under whatever circumstances the commission was split, legally or illegally. It sounds like the $$ would be the same in any case.

For a rent stabilized apt it is illegal to charge, demand, receive a security deposit equal to more than 1 months rent.

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