This legally binding contract spells out the roles, responsibilities, and expectations between you and your chosen real estate agent. Sophistication in Deal Making Unified as One Company, Delivering a Unique Approach and Exceptional Care for Your Retail Leasing Needs Results.LIBOR is one of the largest local REALTOR® Boards in the United States. The first step in any real estate transaction is to find the property of your choice and make a verbal offer. For the purposes of this guide, the term broker also applies to real estate licensees associated with the broker. See information about the housing market in Queens, NY, including average home prices, neighborhood statistics and active real estate agents. This article explains how broker fees are set, how renters can best deal with them, and how they've made the news again. This guide will help you to understand the changes and the proper way to fill out the forms. Broker fees are upfront, onetime payments that are typically one month's rent or up to 15 percent of the annual rent. The leading real estate marketplace.