This scenario can also be harmful to the purchaser (attorney), as the act of representing her or himself and wrongly assuming the right to earn a commission could rub a listing agent the wrong way.
Ultimately, the most prudent course of action for an attorney looking to collect a commission on her or his purchase in NYC is to both apply for a broker’s license and apply for membership in REBNY. However, the latter is rather pricey and currently costs $1,650. Not to mention, it’s more paperwork and extra headache to join an organization for just one deal.
Therefore, we believe the most effective route for an attorney looking to collect the buyer agent commission on a purchase in NYC is to retain traditional representation from a buyer’s agent who offers a commission rebate.
This approach is advantageous for several reasons. First and foremost, this saves the attorney the cost and time associated with applying for REBNY membership