NYC considers ending broker fees for tenants, angering real estate industry By Jake Offenhartz • Published June 12, 2024 • Updated on June 13, 2024 at 9:01 am ...

The hefty one-time payments, known as broker fees, are ubiquitous in New York but nearly unheard of anywhere else.

The data contrasts with numbers touted by brokerages and their trade group, the Real Estate Board of New York, which sued to ...

But they were quickly reinstated following a lawsuit led by the Real Estate Board of New York. Brokerage firms estimate that roughly half of the city’s apartments require a tenant-paid broker fee.

NYC's broker fee law, the FARE Act, takes effect today, shifting the financial burden of paying brokers from renters to landlords.

NYC considers ending broker fees for tenants, angering real estate industry by JAKE OFFENHARTZ, Associated Press - 06/12/24 6:27 PM ET ...

NYC considers ending broker fees for tenants, angering real estate industry A proposal seeking to eliminate a hefty price tag for New York City renters is drawing fierce opposition from the real ...

NEW YORK (AP) — It’s a familiar and agonizing experience for legions of New York City renters: before moving into a new apartment, a tenant must first shell out thousands of dollars in fees to ...

NYC Considers Ending Broker Fees for Tenants, Angering Real Estate Industry NEW YORK (AP) — It’s a familiar and agonizing experience for legions of New York City renters: before moving into a ...

It’s a familiar and agonizing experience for legions of New York City renters: before moving into a new apartment, a tenant must first shell out thousands of dollars in fees to a real estate ...

But they were quickly reinstated following a lawsuit led by the Real Estate Board of New York. Brokerage firms estimate that roughly half of the city’s apartments require a tenant-paid broker fee.

A proposal seeking to eliminate a hefty price tag for New York City renters is drawing fierce opposition from the real estate industry.