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NYC Council passes bill to end broker fees for tenants
City Council passes bill shifting broker fee burden to landlords, sparking backlash from real estate industry and key critics
The New York City Council passed a landmark bill on Wednesday, aiming to relieve renters of paying hefty broker fees — a cost that will now fall on the party
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.
NYC bill shifting broker fees to landlords overwhelmingly approved by City Council
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.
The Real Deal
18h
The Daily Dirt: Broker-fee bill, brought to you by TikTok
Chi Ossé is the City Council’s first Gen Z member, and he took a very Gen Z approach to building support for his ...
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 ...
4h
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 ...
Queens Daily Eagle
12h
Broker fee bill passed by Council
The FARE Act, a longtime project of Brooklyn representative Chi Ossé, will make it so New Yorkers moving into a new apartment ...
Gothamist
1d
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 ...
14h
Tell us: Should Boston shift broker fees to landlords?
On Wednesday, the New York City Council approved a bill that would shift the financial burden of broker fees from renters to ...
1d
Average upfront cost for an NYC apartment with broker’s fee hits whopping all-time high
The whopping amount includes the broker's cut, first month's rent in advance and security deposit, according to the study by ...
The Hour
1d
NYC bans unusual practice of forcing tenants to pay real estate brokers hired by landlords
Under a system that exists in New York and almost nowhere else in the country, tenants are often forced to pay the commission ...
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