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 … in Apartment Rentals FARE Act would require landlords to pay the broker they hire starting on June 11th according … collect a fee from the renter Previously brokers could ask a renter to pay even if they had listed a unit for the …

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 … Ben Flavin a partner at Braverman Greenspun who represents condos and coops told Brick Underground in January Hill said … FARE Act should be enforced Due to industry norms and the highly competitive nature of the rental market even where …

By Celia Young |February 28, 2025 - 3:30PM
NYC broker fee bill becomes law without Adams’s signature

… declined to sign the Fairness in Apartment Rental Expenses FARE Act within a 30day window after approval by the City … support from celebrities such as comedian Ilana Glazer Brokers criticized the bill at an explosive hearing in June … that it would encourage landlords to raise rents But its worth noting that the bills implementation falls under the …

By Celia Young |December 16, 2024 - 3:00PM