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New York City ditches broker fees

ABC 7 Chicago · 12m

How this City Council Member just eliminated NYC's 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.

Washington Examiner on MSN · 5h

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.

The New York Times · 2d

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.

Bill to End Forced Rental Broker Fees Goes to Council Vote With Near Veto-Proof Support

The amended version also requires the landlord or broker to disclose all fees tenants pay up front, and stipulates that ...

2don MSN

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 ...

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