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.
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.
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.
NYC broker fee law requires landlords to cover the cost, not tenants
A bill to have NYC landlords pay for broker fees, instead of tenants, is up for a vote before the New York City Council.
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 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.
With New York City ending tenants paying broker fees, could Boston be next?
As New York City ends the practice of landlords charging tenants for the broker fee, Boston remains one of the few cities left in the country where that's part of the deal.
Should Boston ban broker fees for renters? Let us know.
Boston is the last major U.S. city to maintain the practice of renter-paid broker fees. Is it time to ban broker fees?
InvestmentNews17hOpinion
Finra's fee increase reveals hard of hearing organization
This month the Financial Industry Regulatory Authority Inc. told the Securities and Exchange Commission it was raising fees ...
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 ...
Politico3h
Boston eyes broker fees
The Senate included language in its version of the housing bond bill that passed earlier this year that would’ve required the person contracted with the broker (typically, the landlord) to pay any ...
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 ...
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 ...
WGBH4d
Boston is one of the last places to allow renter-paid broker fees
In the Greater Boston area, the broker’s fee is usually an entire month’s rent. According to Zumper, the average cost of a ...
The Real Deal6d
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 ...