NYC broker fee bill becomes law without Adams’s signature

… legislation shifting the burden of paying a broker fee to landlords became law on Friday and will take effect in … a law  UPDATE The Real Estate Board of New York  filed a lawsuit to block the FARE Act in Manhattan federal court … previously said the bill could have unintended consequences namely that it would encourage landlords to raise rents But …

By Celia Young |December 16, 2024 - 3:00PM
Broker fee bill passes with strong support in NYC Council vote

A big shakeup is in store for broker fees in New York City Aapartment from collecting a fee from the renter It does not mandate that a tenant pay their own broker The bill … is a win for the people of New York as we make official what has long been common sense Ossé said during the vote …

By Celia Young |November 13, 2024 - 3:30PM