Can you pay a broker fee in installments?

Q: Would you ever consider a payment installment plan for your broker fee? For example, if I found a place through you and was able to pay the 12-15% fee, could we set up a structure to pay that fee over the course of a couple weeks? Many thanks.

A: It is customary in residential real estate for brokerage fees to be paid upon lease signing; however, to assist our clients, we, and many firms, accept credit cards, which gives you a bit more flexibility on your payment.

Filed Under: Buying, Credit