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

to be continuing to offer a full 3 percent commission to buyers brokers according to  our experts Commissions for brokers who are members of the Real Estate Board of New York were … 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
Bill shifting broker fees to landlords is back. So is the fight to pass it

… passed last year The bill dubbed the Fairness in Apartment Rental Expenses Act would let renters off the hook for paying a brokers fee … will fight for fair compensation for their hard work The FARE Act still has the support of a majority of the council …

By Celia Young |March 5, 2024 - 10:36AM
Does a buyer in NYC need to pay a broker fee?

… because starting January 1st 2024 fees for brokers who are members of the Real Estate Board of New York are going … cases are shaking up courtrooms around the US and in NYC On Thursday REBNY told members it would fight an … 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
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 … deterrent when the broker needed access to show the unit He adds the fee is more than fair  … Understanding how leases …

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