New York City ditches broker fees

NYC is lifting broker fees for most tenants. Here’s what to know.
In New York, unlike nearly every other part of the country, tenants usually pay the fee even though landlords usually hire the broker. Tenants and advocates rallying outside City Hall ahead of the vote said that’s the problem.
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.
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.
New York City to ban mandatory 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.
New York City Council Puts an End to the Payment of Brokers' Fees by Residential Tenants - Landlords May Get Stuck with the Brokers' Fees
On November 13, 2024, the Fairness in Apartment Rentals Act (FARE) (the Bill) was approved by the New York City Council (City Council) prohibiting the imposition or collection of any fee or commission for the rental of residential real property.
New York City Votes to End One of Renters’ Biggest Complaints: the Broker Fee
The broker fee, long a bane of New York City renters, just got voted out. The New York City Council passed a bill Wednesday requiring landlords to pay fees for brokers they hire to list and show apartments.
City Council ends “forced” tenant-paid broker fees; REBNY may sue
During Wednesday’s rally, Ossé credited the Council’s progressive leadership with getting the FARE Act over the finish line. Council member Sandy Nurse, co-chair of the Council’s Progressive Caucus, told the crowd not to listen to “the bullshit that is being said about the progressive movement.”
Council passes measure banning broker fees for most New York City renters
The legislation would eliminate a fee imposed to be shown an apartment, have an application be processed and sign a lease.
Could Boston follow New York City in ban on requiring tenants to pay broker fees
Legislation passed this week in New York City leaves Boston as the last major city where tenants can be required to pay hefty fees for real estate brokers hired by their landlords.
New York City Council passes bill that shifts broker fees to landlords
Opponents of the legislation say the measure could lead to higher rents and argue that landlords could put broker fees into monthly rents.
A new law in New York will do away with broker fees
NPR's Ayesha Rascoe speaks with New York City Council Member Chi Ossé about his FARE act, which shifts the responsibility for broker fees from the tenant to the landlord in many cases.
New York City Council Approves Bill Shifting Broker Fees to Landlords
The City Council approved a bill on Wednesday that would curb a loathed New York City real estate practice: making renters ...
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On Politics: Good riddance to broker fees
Don’t believe the real estate industry’s arguments against the bill shifting fees to landlords, writes columnist Ross Barkan.