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New York City ditches broker fees

Washington Examiner on MSN · 2d

New York City ditches broker fees despite objections from realtors

New York City landlords will be required to pay costly broker fees for tenants under a plan approved by the City Council that real estate groups argue will drive up rents and make it harder to find housing in the city.

The National Law Review · 4h

New York City Council Puts an End to the Payment of Brokers' Fees by Residential Tenants - Landlords May Get Stuck with the Brokers' Fees

On November 13, 2024, the Fairness in Apartment Rentals Act (FARE) (the Bill) was approved by the New York City Council (City Council) prohibiting the imposition or collection of any fee or commission for the rental of residential real property.

The New York Times · 3d

What to Know About Broker Fees in New York City

The City Council overwhelmingly passed a measure to shift the burden of broker fees to landlords. Here’s what that means for renters.

NYC is lifting broker fees for most tenants. Here’s what to know.

In New York, unlike nearly every other part of the country, tenants usually pay the fee even though landlords usually hire ...

Crain's New York1h

On Politics: Good riddance to broker fees

Don’t believe the real estate industry’s arguments against the bill shifting fees to landlords, writes columnist Ross Barkan.

5don MSN

NYC bans unusual practice of forcing tenants to pay real estate brokers hired by landlords

Tenants searching for an apartment in New York City have long been forced to pay thousands of dollars to real estate brokers.

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