What is 'commission' on a condo sponsor unit listing?

New York
1

What does a ‘4% commission’ on sponsor unit listing in a new-development condo mean? For example, this listing from 611 W 56th St: https://streeteasy.com/building/611-west-56-street-new_york/19b

Is it typically money paid to the developer or agent? Is it separate from the transfer tax that a buyer may be asked to pay when buying sponsor units?

2

4% commission to the real estate agent.

However this forum is only for real estate development so it may be closed

1 Like
3

Thank you for your response. I am sorry I posted it here due to lack of awareness. It will not happen again.

1 Like
4

Ash this is what you’re looking for -

https://streeteasy.com/talk