The Real Deal New York

NYC buyers’ brokers struggle in seller’s market

As inventory plummets, getting appointments toughens

August 13, 2013 10:30AM
By Katherine Clarke

Donna Olshan of Olshan Realty and Michael Graves of Elliman

From left: Donna Olshan and Michael Graves

From the August issue: In a city where only sellers’ brokers have exclusive contracts, representing a buyer is a tough job. And now it’s tougher than ever, thanks to the ongoing inventory shortage afflicting the New York City residential market.

With few new properties on the market, buyers’ brokers are having difficulty finding apartments to show their clients, since many apartments get snapped up even before they are listed online. [more]

  • Susan Hughes

    Even outside of New York City, listing agents are the “gatekeepers,” and have more control than buyers’ brokers/agents.