FARE Act takes effect: What NYC renters need to know about the new broker fee law

… New York Citys new law that shifts responsibility for most broker fees from renters to landlords will go into effect tomorrow after a … Since the fee is usually 12 percent of the annual rent the Fairness in Apartment Rentals FARE Act removes a …

By Jennifer White Karp |June 10, 2025 - 3:00PM