Issue categories: Housing
October 19, 2022 1 min read

Diverse Real Estate Commissions

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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.

Our Subject Matter Experts
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Sharon Cornelissen

Director of Housing

Reports

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Consumer Complaint Survey Report 2024
The Consumer Federation of America (CFA) is pleased to present its annual report of complaints made to consumer agencies during the year 2024.
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