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NYC Council passes bill to end broker fees for tenants

NYC broker fee law requires landlords to cover the cost, not tenants

Broker fees in NYC will be covered by landlords, instead of tenants, under a new law passed Wednesday by the City Council.

NBC New York on MSN · 1d

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.

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 renters.

16h

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 MSN1d

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 ...

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 ...

Time Out1d

NYC landlords will now have to pay broker fees over renters

According to a 2023 report by StreetEasy, the average New Yorker spends over $10,000 in upfront costs for rentals—the largest of which "is often the broker fee." The data imbues the new guidelines ...

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