NYC broker fee bill becomes law without Adams’s signature

… Board of New York  filed a lawsuit to block the FARE Act in Manhattan federal court After too many decades under an … hires a broker to market a unit to pay their fee or face civil penalties of up to $2000 from the Department of …

By Celia Young |December 16, 2024 - 3:00PM
The FARE Act is not likely to result in steeply higher rents for new leases

… to New York Citys broker fee bill argued it will raise rents significantly for new leases but that outcome does not … which passed a City Council vote in November shifts the longstanding burden in New York City of paying the broker fee … change as history suggests that landlords set asking rents based on market conditions rather than the expenses of this …

By Jennifer White Karp |December 10, 2024 - 4:30PM
Elaborate apartment scams on Instagram can cost renters thousands—along with their pride

… In an era of TikTok apartment influencers and Instagramable real estate listings its no wonder fraudsters have taken to … Trade Commission both keep data at the state level But local numbers are low The Department of States Division of …

By Celia Young |July 9, 2024 - 1:30PM
Sparks fly at fiery City Council hearing on broker fee bill

Real estate brokers and tenants flooded the New York City … if they had to pay for the broker they hired Many of these agents are renters themselves Freedman said Simply put this … staff at the NYC Central Labor Council which represents 300 local unions across New York  Brokers chase after tenants …

By Celia Young |June 12, 2024 - 3:15PM