New York City ditches broker fees

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 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.
New York City Votes to End One of Renters’ Biggest Complaints: the Broker Fee
The broker fee, long a bane of New York City renters, just got voted out. The New York City Council passed a bill Wednesday requiring landlords to pay fees for brokers they hire to list and show apartments.
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.
How this City Council Member just eliminated NYC's forced 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.
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.
Renters no longer pay broker fees under bill passed by City Council
The New York City Council passed a bill Wednesday to make renting an apartment a little easier. The bill, known as the FARE Act, requires landlords to pay the fee when they hire a real estate broker to market their properties.
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.”
As New York Nixes Broker Fees, Real Estate Industry Cries Foul
The New York City Council voted Wednesday to approve a bill that would shift broker fees from renters to landlords.
Moving to New York City cost us $10K in fees. Those fees are now banned
In a City Council hearing on a bill introduced to ban New York’s broker fee structure, Councilmember Chi Ossé described the fee structure as “an exploitative system that exists virtually nowhere else.” In Boston, legislation that would’ve banned the practice failed to advance earlier this year in the Massachusetts State Senate.
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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 ...
NYC broker fee law requires landlords to cover the cost, not tenants
Broker fees in NYC will be covered by landlords, instead of tenants, under a new law passed Wednesday by the City Council.
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.