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NYC Real Estate Broker Horror Stories

How to Avoid NYC Broker Horror Stories!

Any savvy New-Yorker-to-be knows better than to try to find an apartment in the city without help – and that goes double for an intern looking for summer housing! A trusted broker sounds like just the person for the job—but considering some of the broker horror stories floating around, is that the best way to go when you’re searching for housing for your summer internship? Even a broker can’t save you from some of New York’s “finest” moments. Consider these examples:

Couldn’t Tell If They Were Dead

One unsuspecting apartment-hunter did as she was advised and got a broker to show her some reputable digs. Imagine her surprise when the broker unlocked an apartment in the middle of the day revealing eight people lying about, sleeping (she hoped!). They literally had to step over someone’s prostrate body to get to the kitchen. Needless to say, that’s not where she ended up!

Too Many Tenants

A guy we know found the perfect sublet apartment in NYC.He paid the security deposit plus first and last month’s rent and was told he could move in on the first of the month at 10:00 a.m. When he arrived at the entrance of the apartment building at the appointed day and time, 25 other tenants, who had also paid their move-in money, were there, too! The “broker,” with 26 would-be tenants’ money ($4,500), was long gone.

Wait, what?

Not every broker has questionable morals. Some are merely clueless. Curbed relates this exercise in frustration: an apartment-seeker texted a broker that she’d like to see an advertised apartment immediately. The broker texted back “No pets allowed. If you have a pet, don’t waste my time.” Eagerly, the apartment-seeker replied, “No, I don’t have pets! When can I see it?” To which came this inexplicable reply, “I don’t have time to show you a place with pets. No pets allowed.”

Key Fee

Maybe not a horror story, but all-too-common is the broker who is “too busy” to show you an apartment, so if you want to stop by his office, he’ll give you the key and you can go see it yourself. Then when you come back to his office and tell him you’ll take it, he asks for a check to the landlord for the first and last month’s rent—and a check in the amount of one month’s rent made out to him…for his broker fee. For doing what exactly? Handing you a key?

Squatters with Attitude

You never know who might be lurking in your dream apartment. Squatters aren’t unheard of in NYC, especially in apartments that have been vacant for a while. When one broker found a squatter sleeping on an Aero-Bed on the floor of a luxury apartment she was showing, her clients shrieked. Unfazed, the guy glanced at the alarm clock on the floor beside him and said with drowsy indignance, “Do you have an appointment?”

Dream-Come-True Student Apartments

With anything possible in the NYC real estate rental market, even brokers can’t guarantee you’ll find the perfect summer intern housing. Luckily, we offer three amazing locations to choose from for your time here in New York City. Check out the amazing apartments available now and secure your summer housing today!

Do you want to apply for this internship?

Send your contact information
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Terms And Conditions

The applicant…
  • Is interning in New York City for the summer as part of or related to the Applicant’s college or university school programs of study
  • Is not currently subject to any disciplinary sanction from Applicant’s college or university that would bar Applicant from residing in residential housing at Applicant’s college or university or elsewhere
  • Has not been convicted of any crime in any state of the United States or in any foreign country, and there are no criminal charges pending against the Applicant. The Applicant hereby authorizes Pace to perform a criminal background check relative to the Applicant and further authorizes Pace to certify the results of such criminal background check to Pace.
  • Has no medical or psychological condition(s) that should prevent the Applicant from safely residing in Pace housing.
  • Has health insurance or other financial resources that meet the requirement for access to health care. If you cannot meet this requirement, you will not be able to proceed further with this application.
  • Has been fully vaccinated against COVID-19, including a booster vaccination shot.
  • The Pace Student\Intern Applicant certifies the truth and accuracy of all statements, warranties, and representations made in this application. Pace reserves the right to immediately cause the removal of the Pace Student\Intern from Pace’s residential housing if it learns that any statements, warranties, or representations made by the Applicant in this Application are incomplete, inaccurate, false, or misleading. In the event of such removal, the Pace Student\Intern shall not be entitled to a refund of any fees paid to Pace or Pace.
  • Understands that Residential Life/ Summer Conference Housing reserves the right to reassign an assigned space for the purpose of construction, health, management, safety, or emergency
  • Understands that accommodations for families or children will not be considered. Please refer to local hotels for options.
  • Agrees to comply with all applicable New York City, New York State, and Federal laws including drugs and alcohol
  • All interns must sign an Intern Housing Agreement and familiarize themselves with the policies and procedures of the institution. All Interns will be held accountable for all policies and procedures outlined within the guide. Residential Life reserves the right to terminate your housing for failing to abide by any of said policies and procedures.
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