What to Know About Broker Fees in New York City
5 days ago · Most New York renters will no longer be responsible for paying hefty fees to real estate brokers they did not hire. On Nov. 13, the City Council overwhelmingly voted in favor of a bill that would ...
NYC Approves FARE Act, Ending Tenant-Borne Broker Fees
18 hours ago · New York City Council Puts an End to the Payment of Brokers' Fees by Residential Tenants - Landlords May Get Stuck with the Brokers' Fees by: Scott M. Vetri , Andrew L. Jagoda of Katten - Advisories
NYC is lifting broker fees for most tenants. Here’s what to ...
22 hours ago · That’s $5,400 for a $3,000-a-month apartment. In New York, unlike nearly every other part of the country, tenants usually pay the fee even though landlords usually hire the broker. Tenants and ...
Continuing Focus on Affordability for Renters, New York City ...
5 days ago · City Hall – Today, the New York City Council voted to pass legislation that would reform broker fees to increase affordability for renters. New York City is in the midst of a housing and affordability crisis, with working- and middle-class residents struggling to keep up with high rents and other rising costs.
A new law in New York will do away with broker fees - NPR
1 day ago · Finding an affordable place to live in New York City is practically a combat sport. And if you're young or maybe just don't make a lot of money, it can feel impossible, due in part to broker's ...
Bill to End Forced Rental Broker Fees Goes to Council Vote ...
Nov 12, 2024 · There’s no cap on what brokers can charge, and fees in New York City typically hover around 10% or 15% of the annual rent (equal to about a month or two of monthly rent). Fees on rent-stabilized stock with monthly rents around …
New York City Council passes bill that would require ...
5 days ago · NEW YORK -- Broker fees in New York City will be covered by landlords, instead of tenants, under a new law passed Wednesday by the City Council. The Fairness in Apartment Rental Expenses, or F.A.R ...