NYC broker fees could come to an end: What to know – NBC New York
WEBJun 12, 2024 — A proposal seeking to eliminate a hefty price tag for New York City renters is drawing fierce opposition from the real estate industry.
New York City Might Finally Curb Broker Fees for Renters
WEBJun 12, 2024 — Broker fees were briefly banned in early 2020 under sweeping rent protection laws passed by the State Legislature. But the Real Estate Board of New York City filed a lawsuit and broker...
What to Know About New York's Latest Attempt to End Forced Broker Fees …
WEBJun 11, 2024 — The Real Estate Board of New York challenged the restriction in a lawsuit, resulting in a state court overturning the ban in 2021. There was also a bill proposed in the City Council in 2019 to cap broker fees to no more than one month of rent, but that measure never made it out of committee.
New York City’s unique broker fee practices under fire
WEBJun 12, 2024 — The City Council heard legislation Wednesday that would prevent prospective tenants from having to pay fees for brokers hired by landlords.
The City: What to Know About New York’s Latest Attempt to End …
WEBJun 11, 2024 — In New York, the average upfront cost including broker fees to move into a rental was $10,454 in 2023, up 29% from 2019 before the pandemic disrupted the market, according to StreetEasy’s internal data.
NYC Considers Ending Broker Fees for Tenants, Angering Real …
WEBJun 12, 2024 — Legislation backed by a majority of the New York City Council would require landlords who hire brokers to pay their broker fees, marking a potential sea change in one of the country’s most ...
NYC considers ending broker fees for tenants, angering real …
WEBJun 12, 2024 — Legislation backed by a majority of the New York City Council would require landlords who hire brokers to pay their broker fees, marking a potential sea change in one of the country’s most ...
NYC considers ending broker fees for tenants - Brooklyn Eagle
WEBJun 13, 2024 — Brokerage firms estimate that roughly half of the city’s apartments require a tenant-paid broker fee. The price of those fees can vary widely, though the standard amount is 15% of the...
Under N.Y. bill, tenants wouldn't have to pay landlord-hired broker NYC …
WEBJun 12, 2024 — For the average apartment in Manhattan, where the median monthly rent recently hit $4,500, that would amount to a fee of $8,100. Under the legislation, tenants would still pay brokers that they...
NYC Council considers shifting broker fees to landlords
WEBJun 12, 2024 — NEW YORK CITY (WABC) -- New York City Council appears poised to change the way landlords and tenants pay real estate broker fees, transferring the costs to the landlords, in what would be a major...