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New York City Council passes bill that would require landlords to pay for broker fees, not tenants
The New York City Council passed a bill Wednesday that shifts the burden of broker fees from tenants to landlords.The Fairness in Apartment Rental Expenses, or F.A.R.E., Act passed, getting 42 of 51 votes,
New York City Council approves bill shifting broker fees to landlords
There are many costs associated with living in an increasingly expensive New York City, but the broker fee might be the most detested one. Moving into an apartment in the city can easily cost more than $10,
New York City Votes to End One of Renters’ Biggest Complaints, the Broker Fee
The broker fee, long a bane of
New
York
City
renters, just got voted out. The
New York City Council
passed a bill Wednesday requiring landlords to pay fees for brokers they hire to list and show apartments. Renters today often pay these fees, which can add ...
NYC bill shifting broker fees to landlords overwhelmingly approved by City Council
The City Council overwhelmingly approved a bill Wednesday that would largely shift the cost of broker fees to landlords, in a hit to the real estate industry.
City Council passes bill shifting broker fee burden to landlords, sparking backlash from real estate industry and key critics
The New York City Council passed a landmark bill on Wednesday, aiming to relieve renters of paying hefty broker fees — a cost that will now fall on the party
New bill aims to curb high broker fees for New York renters
In a city where the cost of living continues to soar, a new bill is set to address one of the most burdensome expenses for renters in New York City.
New York City Council approves FARE Act, eliminating broker fees for renters
Act, shepherded by City Councillor Chi Ossé of Brooklyn, was approved by the New York City Council this afternoon. Now, property owners looking to rent out their units will have to shoulder the brokers fees,
NYC Bans Unusual Practice of Forcing Tenants to Pay Real Estate Brokers Hired by Landlords
Tenants searching for an apartment in New York City have long been forced to pay thousands of dollars to real estate brokers
NYC Bans Tenant-Paid Broker Fees
New York is one of the few cities where tenants paid broker fees instead of landlords. Mandatory broker fees, an unusual feature of New York City apartment hunting long reviled by renters, will be banned under legislation that passed Wednesday after overcoming fierce backlash from the city’s real estate lobby.
New York City Council Votes to End Broker Fees Squeezing Renters
New York renters would no longer be on the hook for costly broker fees when signing a new apartment lease, under a measure passed by the city council Wednesday.
Bill Shifting Broker Fees From Renters to Landlords Is Expected to Pass
There are many costs associated with living in an increasingly expensive New York City, but the broker fee might be the most detested one. Moving into an apartment in the city can easily cost more than $10,
22h
City Council scrambles to reassert control in power struggle with Eric Adams after mayor’s ballot wins
City Council is taking on Hizzoner again after an embarrassing defeat over the November ballot by establishing their own ...
5h
on MSN
Smoke pours from 44-story New York City skyscraper after reported fire
A fire sent smoke billowing from the top of a luxury 44-story building in the Hudson Yards development on Manhattan’s West ...
Bisnow
2d
City Council Passes Bill That Makes Landlords Pay Fees Of Brokers They Hire
The
New York City Council
voted to ban that practice Wednesday afternoon, pushing the legal responsibility for paying a ...
1d
on MSN
Moving to New York City cost us $10K in fees. Those fees are now banned
New York is one of two cities that requires renters to pay for these services; the other is Boston. Typically, such broker ...
The New York Times
1d
Quote of the Day: New York City Council Passes Bill to Transfer Fee Loathed by Renters
Eric Adams, Democratic mayor of
New
York
City
with close ties to real estate leaders, who has concerns about a bill that would place limits on a loathed real estate practice: broker fees paid by ...
City & State New York
5d
Anthony Weiner mulls a City Council run in lower Manhattan
Speaking during his weekly radio show on 77WABC Saturday afternoon, Weiner said he’s considering entering the race for ...
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