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When You Need A Broker, And When You Don & #8217;T

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Arti Sharma BUSINESS STANDARD
Last Updated : Feb 26 2013 | 1:13 AM IST

If you have to sell your house - or buy one for that matter - you have to get the best price for it. Calling in a broker means you get a reduced price (if you are a seller), since he will have to be paid a brokerage.

That means one or two per cent off from the price the buyer is willing to pay you. Ditto when you buy a house. Your cost goes up by the amount of a brokerage.

Paying several thousands of rupees as brokerage merely because you were introduced to a buyer or seller may sound like a very high price to pay to many people, but before you put in a call to the neighbourhood thug to bump off your broker, here

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First Published: Feb 06 2003 | 12:00 AM IST

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