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News

NYC ends broker fees for renters

CBS News on MSN · 2d
NYC law ending broker fees for renters takes effect today
NYC's broker fee law, the FARE Act, takes effect today, shifting the financial burden of paying brokers from renters to landlords.
StamfordAdvocate · 11h
End of broker fees drives up rent in NYC overnight. Will renters leave the city?
While renters will save moving costs up front by not having to pay a broker fee, Sanai believes that they will pay more over time as rents reset to higher rates, particularly thos
Yahoo · 1d
Broker's fees can no longer be passed down to NYC renters
FOX 5 NY's Audrey Puentes explains the FARE Act, which prohibits brokers who represent landlords from charging broker fees to tenants.
Hosted on MSN1y
NYC considers ending broker fees for tenants, angering real estate industry
Ahead of the hearing, hundreds of brokers gathered to voice their objections at a rally organized by the Real Estate Board of New York, the industry’s powerful lobbying group. Through hours of ...
Finance & Commerce11mon
New York City considers ending broker fees for tenants, angering real estate industry
The hefty one-time payments, known as broker fees, are ubiquitous in New York but nearly unheard of anywhere else. In most other cities, landlords cover the commission of agents working on their ...

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