Why are NYC real estate fees so high? Thoughts from a Frenchman
Sep 3, 2018 · 5 min read
When I place an order to buy Microsoft stocks, I am being charged $4.95; when I shop for a hotel, an insurance or a plane ticket, I can choose and compare between thousands of options and with Amazon Prime, I no longer pay for shipping. The internet has reduced inefficient middlemen in most industries; why haven’t real estate brokers in New York been affected?
As a Frenchman, I am particularly shocked by the high 6% real estate commissions paid in New York. The average commission paid to brokers in the United Kingdom…

