Sellers (and buyers!) should brace for a broker fee shakeup

… Significant changes are coming to how real estate brokers are compensated in New York City … sellers the opportunity to negotiate fees and putting some buyers on the hook for paying their brokers The shift is … not something thats going to happen overnight But in the long run the wave of lawsuits could change how commissions …

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

paying a landlords brokers fee at least this year according to the city council member who this summer tried to change … a vote this year Ossé says Better luck in 2024 folks From what I think is going to happen its not going to pass this … like the current one brokers can ask for  thousands of dollars for access to some of the citys most desirable …

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 … is up for renewal the ensuing discussion is between the landlord or management company and the tenantno broker … isnt a lease renewal When I was a tenant and I moved into my roommates rentstabilized apartment putting me on the …

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