New York City ditches broker fees

New York City Council approves bill shifting broker fees to landlords
The City Council approved a bill on Wednesday that would curb a loathed New York City real estate practice: making renters pay thousands of dollars in broker fees. The post New York City Council approves bill shifting broker fees to landlords appeared first on Boston.
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.
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.
New York City is about to make landlords cover most brokers fees. So why not Boston?
Apartment hunters in New York City got good news on Wednesday when the City Council there passed a bill that would largely compel landlords, not tenants, to cover broker fees, that expensive charge tacked on to the cost of signing an apartment lease.
New York City to ban mandatory broker fees
Mandatory broker fees, an unusual feature of New York City apartment hunting long reviled by renters, will be banned under legislation that passed Wednesday after overcoming fierce backlash from the city's real estate lobby.
How this City Council Member just eliminated NYC's broker fees
NEW YORK -- On Wednesday, November 14th, 2024, the New York City Council voted the Fairness in Apartment Rentals Act, or FARE Act, into law. The act states that in New York City, when it comes to rental properties, the party that hires the broker must be the one to pay for their services.
City Council ends “forced” tenant-paid broker fees; REBNY may sue
During Wednesday’s rally, Ossé credited the Council’s progressive leadership with getting the FARE Act over the finish line. Council member Sandy Nurse, co-chair of the Council’s Progressive Caucus, told the crowd not to listen to “the bullshit that is being said about the progressive movement.”
New York City Council passes FARE Act, ending broker fees for renters
The New York City Council has outlawed the practice of landlords passing broker fees onto residential tenants in New York City.
Council passes measure banning broker fees for most New York City renters
The legislation would eliminate a fee imposed to be shown an apartment, have an application be processed and sign a lease.
New York City Council passes bill that shifts broker fees to landlords
Opponents of the legislation say the measure could lead to higher rents and argue that landlords could put broker fees into monthly rents.
New York City Bans Renters From Being Forced To Pay Broker Fees
New York City has steep broker fees, which often cost tenants up to 15% of the first year's rent. It can add thousands of dollars to the money renters need to come up with ahead of signing a lease. The legislation,
NYC Council passes bill to end broker fees for tenants in veto-proof vote
The New York City Council passed, in a 42-8 vote, a bill that will put an end to forcing tenant-paid brokers fees, as the ...
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Bye-bye broker fee: NYC Council approves bill to eliminate fee for most tenants
The New York City Council approved new legislation on Wednesday that will eliminate hefty upfront broker fees for most ...