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> Why not, it doesn't cost them anything

It can't be quite this simple. If your renter is paying $X to you plus $Y to your broker, then their willingness to pay for the apartment was at least $X+Y, and you're leaving at least $Y on the table. In theory there should be a lot of market pressure to shrink Y. So the question becomes, what transaction costs are getting in the way of that? Or maybe, is the $Y actually buying something that's of value to the landlord?




In Europe the broker/agency usually takes a flat fee at the contract signature. It's not a recurring payment.


Sure it buys some value for the landlord, but that value is very low and can be replaced by software for 1/100 of the current cost.


Rent control...




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