Are NYC sellers paying smaller commissions to buyer’s brokers?

… … When it comes to broker fee behavior in New York City the majority of sellersbut not allappear to be … rules that went into effect January 1st Instead of a seller paying a 5 or 6 percent fee that would then be split between … lawsuit REBNY is the dominant real estate trade group in NYC and most brokers here are not members of NAR … When …

By Jennifer White Karp |April 29, 2024 - 9:45AM
Does a buyer in NYC need to pay a broker fee?

… cases are shaking up courtrooms around the US and in NYC On Thursday REBNY told members it would fight an … violated antitrust laws and that forcing a seller to pay both sellers and buyers broker fees unfairly inflates … a 2022 report  Diverse Real Estate Commissions The New York City Residential Brokerage Anomaly He found that the median …

By Jennifer White Karp |December 28, 2023 - 11:30AM
City Council bill to shift broker fees to landlords unlikely to pass this year

… with tough elections next year Renting an apartment in NYC can feel a lot like a bidding warespecially when it … for  thousands of dollars for access to some of the citys most desirable apartments including affordable housing … really just trying to make sure that you pay for what you buy And how the market responds to that is how the market …

By Celia Young |October 20, 2023 - 3:00PM