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lugosi555
LIF Infant
Member since 5/07 140 total posts
Name:
Yadira
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Paying Cash to Real Estate Broker
I recently met with a broker to rent an apartment. We are supposed to sign the lease in a few days and the broker asked that we pay her fee in cash. Is this normal?
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Posted 3/23/16 10:57 AM  |
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Prudential Douglas Elliman Real Estate
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NYCGirl80
I love my kiddies!
Member since 5/11 10413 total posts
Name:
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Re: Paying Cash to Real Estate Broker
Cash as opposed to credit card? Or cash as opposed to a check? I've always paid broker fees for apts by check. It's usually quite a large sum of money.
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| Posted 3/23/16 11:27 AM |
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pumpkinmom
LIF Adult
Member since 5/12 2911 total posts
Name:
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Paying Cash to Real Estate Broker
My memory is a little fuzzy, but I think I was asked to pay in cash.
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| Posted 3/23/16 11:30 AM |
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lugosi555
LIF Infant
Member since 5/07 140 total posts
Name:
Yadira
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Re: Paying Cash to Real Estate Broker
Cash as opposed to a check. I did meet her at her office though so I'm thinking it's legit. I was just surprised.
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| Posted 3/23/16 11:45 AM |
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loveus
LIF Adolescent
Member since 9/13 684 total posts
Name:
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Paying Cash to Real Estate Broker
I'm sure it is legit but I would pay with a check. I like to have my own paper trail.
My first thought is she might not want to claim the money.
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| Posted 3/23/16 11:59 AM |
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NYCGirl80
I love my kiddies!
Member since 5/11 10413 total posts
Name:
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Re: Paying Cash to Real Estate Broker
Posted by loveus
I'm sure it is legit but I would pay with a check. I like to have my own paper trail.
My first thought is she might not want to claim the money.
That's what I was thinking, too. Or she's hiding something from her broker. If she's a legit agent, she'd have to split commission with her broker, too. I'd personally pay by check. Let her do her own shady business.
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| Posted 3/23/16 1:40 PM |
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LSP2005
Bunny kisses are so cute!
Member since 5/05 19458 total posts
Name:
L
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Re: Paying Cash to Real Estate Broker
No way would I pay by cash. You need to pay by check at a minimum and get a paper receipt. I would also look up the broker to see if there are complaints against him or her.
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| Posted 3/23/16 1:48 PM |
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Re: Paying Cash to Real Estate Broker
Maybe she's had to deal with bounced checks? Regardless I'd pay with a check.
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| Posted 3/23/16 5:30 PM |
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alexb
LIF Adult
Member since 5/13 960 total posts
Name:
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Paying Cash to Real Estate Broker
Cashiers check only... Dont give your agent an option. Its either cashiers check or nothing. I just read of an agent that scams people in Astoria and he had a legit office and everything.
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| Posted 3/27/16 9:41 PM |
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Re: Paying Cash to Real Estate Broker
When my office does rentals, we only accept a bank check or cash as our fee (no personal checks). It's actually standard practice, and one that my broker insists upon (and most professional, experienced agents would follow).
But there would be no reason not to accept a bank check. The concern is a personal check bouncing, which isn't a concern with a bank check.
And obviously, we don't ask a tenant to pay a fee until we are signing the lease with the landlord and turning over keys.
Message edited 3/29/2016 12:11:00 PM.
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| Posted 3/29/16 12:08 PM |
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Paramount
Sweet!
Member since 7/12 4287 total posts
Name:
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Paying Cash to Real Estate Broker
I have rented a few apartments and have never paid in cash. Its always been a personal check. I would tell them you can have a bank check written up.
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| Posted 3/29/16 1:08 PM |
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