A wet, hot, broker fee-free summer? A major change to rental broker fees is supposed to start in June

… June 11th Thats the day New York City renters could be free from paying a broker fee for agents who work on behalf of landlordsa longstanding practice that has frustrated legions … an apartment listing with permission from the landlord cannot collect a fee from the renter Previously brokers …

By Celia Young |May 12, 2025 - 1:30PM
NYC defends broker fee law against 'unpersuasive' REBNY lawsuit in court

… New York Citys legal counsel pushed back against a lawsuit challenging the … that the law which shifts the burden of paying broker fees from renters to landlordsreduces a significant barrier renters face when trying to rent an apartment In December the Real Estate …

By Celia Young |February 28, 2025 - 3:30PM
REBNY sues to block new NYC broker fee law

New York Citys powerful real estate trade association filed a lawsuit on Monday to block the FARE Act from taking effect in midJune Just days after the Fairness in … facing  civil penalties of up to $2000 It also charges the Department of Consumer and Worker Protection with informing …

By Celia Young |December 17, 2024 - 10:45AM
NYC broker fee bill becomes law without Adams’s signature

… legislation shifting the burden of paying a broker fee to landlords became law on Friday and will take effect in … before the vote Ossé said he believes the bill will give tenants bargaining power Ossé faced a tough battle to get …

By Celia Young |December 16, 2024 - 3:00PM
Broker fee bill passes with strong support in NYC Council vote

… for their services passed in a longawaited New York City Council vote this afternoon The FARE Act introduced by City … the vote It will give them more mobility to move from one apartment to another More than 100 New Yorkers came out in … The FARE Act will make it harder for tenants to find housing raise rents and make the hard work of real estate …

By Celia Young |November 13, 2024 - 3:30PM