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Broker says Management Company wants first month + security in cash

Posted by Danielle on January 27, 1999 at 00:30:51:

Is this kosher? I asked the broker why and he said he didn't know. If the apartment is owned by a management company, I don't see why they'd insist on cash (no money order, no cashier's check, etc.). I feel more comfortable paying with a bank check. So far the broker has not been shifty, but I have to wonder about this insistence on cash. A friend suggested that maybe it was the broker's "rule," not the management company's.

I don't know if this has any bearing, but the apartment is in a coop building.

Thanks in advance.


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