For starters, we must understand that the majority of apartments available at certain times in Manhattan are Fee apartments. That is, if you use a broker to find your new apartment, brokers must be compensated for their work.
They must charge fees to their clients; this fee is usually 15% of the one-year rent (for an apartment of $ 2,500 a 15% fee will be $ 4,500). If you are looking for Downtown Jersey City Apartments with Views, then you can ask a realtor to help or you could browse various sources online.
In most markets in this country, these costs are non-existent, whereas the agent is paid by the apartment owner to find eligible tenants; New York City is an anomaly in this matter.
There are clients who make sense to pay fees, as well as brokers who have worked diligently and are responsible for their clients and are entitled to 15% fees. However, when they worked as a broker, they often found apartments for their clients in 10 minutes that they eventually applied for and rented.
For this they paid a 15% fee, amounting to thousands of dollars. Is it fair to charge clients a rate of $ 3,000 per hour, if the end result is clients have a new apartment they like? That's for you to decide.