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NYC Council passes bill to end broker fees for tenants
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 city looks for strategies to tackle the housing affordability crisis. Now, whoever hires the broker will have to pay their fees.
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 renters.
NYC Bans Tenant-Paid 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.
9h
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 ...
Curbed on MSN
1d
Good-bye to the Broker Fee
The broker fee as we know it is over in New York City. A City Council bill that would prevent your landlord from charging you ...
1d
NYC decides on who should pay broker fees
A StreetEasy survey shows 81% of renters believe landlords, not renters, should pay these fees, and 78% felt they had no ...
1d
on MSN
NYC Close to Ending ‘Killer’ Broker Fees Squeezing Renters
New York City renters may no longer be on the hook for costly broker fees when signing a new apartment lease. The city ...
Opinion
3d
Opinion
Changing broker fees helps all for NYC rentals
The months-long debate over the New York City Council’s Fairness in Apartment Rental Expenses (FARE) Act has reached a fever ...
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