REBNY sues to block new NYC broker fee law

… FARE Act through a public outreach campaign Traditionally NYC renters have coughed up broker fees of 10 to 15 percent … US cities the person that hires the broker pays for their services This lawsuit is a last desperate attempt by the … The New York Department of States Division of Licensing Services handles complaints against brokers and regulates …

By Celia Young |December 17, 2024 - 10:45AM
NYC broker fee bill becomes law without Adams’s signature

… declined to sign the Fairness in Apartment Rental Expenses FARE Act within a 30day window after approval by the City … support from celebrities such as comedian Ilana Glazer Brokers criticized the bill at an explosive hearing in June … that it would encourage landlords to raise rents But its worth noting that the bills implementation falls under the …

By Celia Young |December 16, 2024 - 3:00PM