NYC defends broker fee law against 'unpersuasive' REBNY lawsuit in court

… pushed back against a lawsuit challenging the citys new broker fee law in a court filing on Friday calling for the … the law which shifts the burden of paying broker fees from renters to landlordsreduces a significant barrier renters … because the large upfront fees for tenants who did not retain a broker are a significant barrier to moving or …

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