I went to a showing for a no-fee rental. Why did the agent ask for a broker fee?

… Broker fees are an annoying fact of renting a New York City apartment These fees can be a huge hurdle for any renter but there is one legitimate reason why an agent would ask you for a fee at a nofee unit If you hired … Wagner said Editors note Realty Bites tackles your NYC rental questions Have a query for our experts Drop us an …

By Celia Young |July 17, 2024 - 12:30PM
Sparks fly at fiery City Council hearing on broker fee bill

… on Wednesday to debate one question haunting the citys rental market Who should pay the broker fee  The answer at … if they had to pay for the broker they hired Many of these agents are renters themselves Freedman said Simply put this … the FARE act would just erode agents reputations and the publics trust The FARE Act does not cap agent commissions …

By Celia Young |June 12, 2024 - 3:15PM
Notable New Yorkers join push for broker fee bill ahead of City Council hearing

… too the Real Estate Board of New York plans to rally 1500 agents against the legislation Buckle up for an eventful … Ossé reintroduced his bill dubbed the Fairness in Apartment Rental Expenses FARE Act on Feb 29th in his second attempt … said Its important to let the City Council know where the public stands The bill currently has 31 cosponsors but it …

By Celia Young |June 4, 2024 - 5:00PM