Real Estate Brokerage

Diverse Real Estate Commissions

The New York City Residential Brokerage Anomaly

A new Consumer Federation of America report on residential real estate commissions in New York City reveals huge differences in commission rates throughout the city.  It shows that typical (median) rates paid to buyer agents range from 1% in parts of Brooklyn to 3% in Manhattan while typical total commission rates are 3% in Brooklyn and 6% in Manhattan.  The gap in total compensation is even larger because homes in Manhattan cost more than homes in Brooklyn.