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Benjamin Franklin Parkway

Common practice may result in fines against broker

Broker X was listing a property for rent.  His agreement with the owner stated that the fee for successfully obtaining a tenant would be an amount equal to one month’s rent.  A tenant was procured and at the signing of the lease Broker X told the tenant to write two checks – one made out to the landlord for the security deposit and another for the first month’s rent made out to the broker, as payment of the landlord’s listing fee.

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