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broker fees, New York City Council

ABC30 Action News · 4h

How this City Council Member just eliminated NYC's broker fees

NEW YORK -- On Wednesday, November 14th, 2024, the New York City Council voted the Fairness in Apartment Rentals Act, or FARE Act, into law. The act states that in New York City, when it comes to rental properties, the party that hires the broker must be the one to pay for their services.

Washington Examiner on MSN · 9h

New York City ditches broker fees despite objections from realtors

New York City landlords will be required to pay costly broker fees for tenants under a plan approved by the City Council that real estate groups argue will drive up rents and make it harder to find housing in the city.

NBC New York on MSN · 2d

NYC Council passes bill to end broker fees for tenants in veto-proof vote

The New York City Council passed, in a 42-8 vote, a bill that will put an end to forcing tenant-paid brokers fees, as the city looks for strategies to tackle the housing affordability crisis. Now, whoever hires the broker will have to pay their fees.

10h

The Daily Dirt: It’s a whole new world for NYC rental brokers. Well, not quite yet

The Daily Dirt digs into what comes next for the Fairness in Apartment Rentals Expenses Act for NYC rental brokers and beyond ...

Brooklyn city councilman on the Fare Act

Brooklyn City Councilman Chi Ossé joins PIX11 to discuss the Fare Act, how soon it would go into effect if passed, and ...

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 ...

News 12 (Video) on MSN3d

Fare Act to eliminate mandatory broker fees expected to pass council, as REBNY voices opposition

Anna Klenkar, of Sotheby's Realty, tells News 12 she supports the bill, as new language has now removed the price cap for ...

The Real Deal2d

The Daily Dirt: Broker-fee bill, brought to you by TikTok

Chi Ossé is the City Council’s first Gen Z member, and he took a very Gen Z approach to building support for his broker-fee ...

Curbed on MSN3d

Good-bye to the Broker Fee

The broker fee as we know it is over in New York City. A City Council bill that would prevent your landlord from charging you ...

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