Payment to a non-professional broker
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Question
What is the customary amount to pay as a brokerage fee to a friend who referred me to an apartment – should I pay him like a regular broker, or is a different amount customary? And if the broker is my brother, how much is it customary to pay him as a brokerage fee according to common practice?
Answer
Shalom u’vracha
The answer of our teacher Rabbi Amram Fried shlita:
One should pay at least one and a half percent of the value of the transaction.
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