NYC Approves FARE Act, Ending Tenant-Borne Broker Fees
17 hours ago · Accordingly, the Bill will take effect 180 days after it becomes law. The Bill will put an end to the practice of residential brokers passing their brokerage fees through to tenants. Such fees are ...
NYC Council passes bill to end broker fees for tenants in veto …
5 days ago · 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 city looks for strategies to tackle the housing affordability crisis.Now ...
NYC bill shifting broker fees to landlords overwhelmingly …
5 days ago · The City Council overwhelmingly approved a bill Wednesday that would largely shift the cost of broker fees to landlords, in a hit to the real estate industry.
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 ...
New York City Council Puts an End to the Payment of Brokers' Fees …
14 hours ago · Browse All Law News Topics » ... Note that the disclosure of fees is not limited to brokerage fees, and landlords must now disclose all fees imposed on tenants as part of the execution of the lease.
NYC broker fee law requires landlords to cover the cost, not ... - CBS News
5 days ago · NEW YORK -- The New York City Council passed a bill Wednesday to have landlords pay for broker fees, instead of tenants. The Fairness in Apartment Rental Expenses, or F.A.R.E., Act passed,...
NYC bans unusual practice of forcing tenants to pay real estate brokers …
5 days ago · NEW YORK (AP) — 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.
Bill to End Forced Rental Broker Fees Goes to Council Vote With …
6 days ago · Paying brokers’ fees to rent an apartment might just become a thing of the past for many tenants in New York City. The City Council on Wednesday is poised to pass a revised bill known as the Fairness in Apartment Rentals Act, which requires whomever hired the broker to …
New York City Council Approves Bill Shifting Broker Fees to …
6 days ago · Moving into an apartment in the city can easily cost more than $10,000 in upfront costs, including a security deposit, first month’s rent and a fee paid to the broker. The fee is typically more ...
NYC Council Votes to End Broker Fees Paid by Renters - Bloomberg
5 days ago · New York renters would no longer be on the hook for costly broker fees when signing a new apartment lease, under a measure passed by the city council Wednesday.