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Their quest to find a cheaper rental also cost them thousands in brokers fees each time they moved.
In anticipation, many landlords and tenants are working deals to "blend and extend" their leases, in brokers' jargon.
Too often, investors believe that mutual funds provide a safe haven, placing a misguided trust in brokers, advisers and fund managers.
A seller paying the standard 6 percent commission on an apartment priced at that median would owe nearly $52,000 in brokers' fees.
The indictment charged that the DMN conspirators used organized- crime ties to "instill fear in brokers and other market participants who did business with the enterprise".
That apartment was listed for $32 million in the spring, and after two changes in brokers and several price cuts, it is now available for $22 million.
Similar(39)
Congress is finally seeking ways to rein in unethical brokers.
| A rise in broker requests to wipe the slate clean.
Led by Bertie Ahern, the party played a major role in brokering peace in Northern Ireland.
More interesting is his description of his role in brokering a power-sharing agreement in Northern Ireland.
They had played a big role in brokering the group's recent ceasefire declaration.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com