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

… prevent the laws implementation Since the fee is usually 12 percent of the annual rent the Fairness in Apartment … group along with several brokerages filed a lawsuit last year to block implementation of the law arguing that it … you can expect as a result of the FARE Act and what you should watch for … Fines for violating the FARE Act … The …

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