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Should I pay a broker fee?

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Should I pay a broker fee?

Also good to know: If you hired an independent broker, and they were the one who found you your dream ‘no-fee rental’—you’d still be obligated to pay your broker fee. That’s only fair; they put in the work, and brokers have their own rent to pay!

What is a stock broker’s fee?

A brokerage fee is a fee charged by a broker to execute transactions or provide specialized services. Brokers charge brokerage fees for services such as purchases, sales, consultations, negotiations, and delivery.

How can I avoid paying brokerage fees?

How to Avoid Broker Fees

  1. Do NOT agree to UPS acting as your broker.
  2. Email or call UPS and say you are going to self clear your item.
  3. Bring those documents to your nearest Canada Border Services Agency (must be Inland offices)
  4. Pay your actual taxes and get your stamped forms back along with the B-15 form they provide.

Is a broker fee negotiable?

You can! No law sets real estate commission rates, so you are free to negotiate. If you offer a lower commission rate to your realtor, be aware that they may refuse and even back out as your listing agent. There are a few reasons real estate agents may be willing to accept lower fees, though.

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Why are broker fees so high?

Why are broker fees so high? Almost all brokers are independent contractors, meaning they don’t have a salary and their broker’s fee is the only money they make when they rent an apartment.

Why am I being charged a UPS brokerage fee?

These fees are charged by UPS to take your package(s) through Customs. If you can take the package through Customs yourself, you can avoid this fee. To avoid the Entry Preparation Fees, you can take your package(s) through Customs yourself. Tell them you would like to clear the package(s) through Customs yourself.

How do I declare myself a duty?

To self-account the casual importer will need to follow these steps:

  1. Visit a local CBSA office that offers accounting services to the public;
  2. Provide the shipment identification/tracking number, the commercial invoice (receipt), and personal identification upon arrival at the CBSA office;

What is Remax commission?

Alberta Flag. In Alberta, the typical combined real estate commission or fees of both the buyer and seller agents is 7\% for the first $100K of home’s price and 3\% of the remaining balance above $100K. It is usually split 50/50 between the buyer’s and seller’s agents.

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Are there still broker fees in NYC?

Many renters seeking to move in New York City have to pay up to 15 percent of an annual lease to brokers — regardless of whether they helped find the apartment. After a legal battle, the state affirmed this week that broker fees were legal.

How does a stock broker get paid?

Commission-based compensation — Stockbrokers are generally compensated on commission, which means they earn money upfront when you buy or sell a specific type of investment. This contrasts with registered investment advisors, who generally charge clients a fee based on the amount they manage on the client’s behalf.

How do you reduce STT in trading?

1. How to reduce STT charges in option trading? Since STT is applied to the value of the transaction and the rates are defined by the Government of India, there is no way you can reduce your STT charges. The only thing to keep in mind is if you are an option trader, then square off your position before expiry.

How much do stock brokers charge for fees and expenses?

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Most brokers charge for both; some charge only to buy. “If your portfolio was up 6\% for the year but you paid 1.5\% in fees and expenses, your return is actually only 4.5\%.” These fees vary by broker but can range from $10 to as much as $75.

What is brokerage in stock market?

Brokers are middlemen or agents who help us in buying and selling shares, derivatives (Futures and Options) and other financial instruments. Brokers charge a fee called brokerage for the service they offer. But brokerage is not the only fee customers have to pay.

What is the transaction charge in stock market?

The transaction charge is a fee charged by an exchange (BSE, NSE, MCX) for using its platform. This is the largest part of the cost of trading with discount stock brokers. The transaction fee is an addition of two charges.

How do I find out what my brokerage fees are?

Where to find details: On the broker’s website. Though it may not be in plain sight, there will be a page detailing each brokerage fee. If you have questions, call customer service and ask before opening an account. Some brokerages charge commissions on stock and ETF trades, but these costs are currently on the decline.