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.
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?
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.
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.”
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 pay thousands of dollars in broker fees. The post New York City Council approves bill shifting broker fees to landlords appeared first on Boston.
NYC Council votes to end forced broker fees
The Council on Wednesday approved the revised FARE Act, shifting broker fees from tenants to the hiring party, typically landlords.
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 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 legislation that passed Wednesday after overcoming fierce backlash from the city’s real estate lobby.
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.
Renters no longer pay broker fees under bill passed by City Council
The New York City Council passed a bill Wednesday to make renting an apartment a little easier. The bill, known as the FARE Act, requires landlords to pay the fee when they hire a real estate broker to market their properties.
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 choice but to pay a broker fee to secure housing.
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 ...
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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.