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Hi, So I’ve seen a rent controlled apartment in my searching for a new home, and got see a rent stabilized apartment going for around 1900$ month a month. The broker offered me a deal where the rent is significantly reduced (to around 1300) but the brokerage fee would be much higher (around 6k). Even though I came across the listing on StreetEasy and everything seems legit, something about it feels weird. I asked the broker why would the landlord allow such a reduction in the rent? What’s their incentive? He said something about legal rent price vs. preferencial rent price, but I couldn’t understand what was he trying to say for the life of me. I would really appreciate some insight - from what I understand, tenant broker fee aren’t even legal, unless the tenant hired the broker. Can someone help me figure out this mess?
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