So, let me understand this. Is another renter subletting this apartment from you or are you the renter? Whoever owns the apartment/building is the one contracting with and paying the broker for services. An agent is simply that, an agent for the broker who holds his/her license. An agent, if a state licensed agent can never receive commission from anyone but the broker. What state is this property located in? From what I am understanding, the broker is going to receive a commission of 8,460.00. I am assuming the owner of the apartment is going to receive the first month rent and sec deposit and the renter is paying a ridiculous fee to the broker, right? What is the term of the rental agreement?
I have not signed any paperwork with the agent because what he presented me with would make him my building's manager. My understanding was that he either takes a fee from the landlord or the renter. So he decided to take it from renter.
One cashier's check was made out to the broker, the other check to the agent. So each received 4,230.