Does a buyer in NYC need to pay a broker fee?

… answer is maybe because starting January 1st 2024 fees for brokers who are members of the Real Estate Board of New York … estate firms The suit alleges REBNYs universal cobrokerage agreement violated antitrust laws and that forcing a seller to pay both sellers and buyers broker fees unfairly inflates commissions REBNY …

By Jennifer White Karp |December 28, 2023 - 11:30AM
Sellers (and buyers!) should brace for a broker fee shakeup

… brokers are compensated in New York City including giving sellers the opportunity to negotiate fees and putting some … antitrust lawsuits shaking courtrooms around the US and now NYC as well On Nov 8th a Manhattan seller sued the Real … 8 to 10 percent of the purchase price of their property for closing costs mostly due to the broker fee For example a 6 …

By Celia Young |November 15, 2023 - 9:30AM
City Council bill to shift broker fees to landlords unlikely to pass this year

… your checkbooks open Thats the message for New York City renters who will still bear the burden of paying a landlords brokers fee at least this year according to the city council member …

By Celia Young |October 20, 2023 - 3:00PM
Renewing your NYC lease and getting new roommates? You may have to shell out another broker fee

For many renters who work with an agent to find an apartment in New York City once the lease is signed and the … having to pay a renewal fee or broker fee for a renewal Agents like this give other honest working agents like …

By Jennifer White Karp |August 31, 2023 - 5:00PM