A wet, hot, broker fee-free summer? A major change to rental broker fees is supposed to start in June

… in Apartment Rentals FARE Act would require landlords to pay the broker they hire starting on June 11th according … a lot of unknowns to whats likely to be a hot summer rental market The biggest question is whether the FARE Act will … expected to start If it does go into effect its yet unclear how the citys brokers will respondand few large brokerages …

By Celia Young |May 12, 2025 - 1:30PM
REBNY sues to block new NYC broker fee law

… New York Citys powerful real estate trade association filed a lawsuit on Monday to block the FARE Act from … Carl Hum in a statement This legislation will not only raise rents and make it harder for tenants to find housing … law on Dec 14th after Adams who had previously raised concerns about the act raising rents declined to sign it …

By Celia Young |December 17, 2024 - 10:45AM