New York City ditches broker fees

How this City Council Member just eliminated NYC's forced 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.
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.
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.
New York City Council passes FARE Act, ending broker fees for renters
The New York City Council has outlawed the practice of landlords passing broker fees onto residential tenants 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,
A new law in New York will do away with broker fees
NPR's Ayesha Rascoe speaks with New York City Council Member Chi Ossé about his FARE act, which shifts the responsibility for broker fees from the tenant to the landlord in many cases.
New York City to ban mandatory broker fees
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.
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Brooklyn city councilman on the Fare Act
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Anna Klenkar, of Sotheby's Realty, tells News 12 she supports the bill, as new language has now removed the price cap for ...
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Broker fee bill passed by Council
The FARE Act, a longtime project of Brooklyn representative Chi Ossé, will make it so New Yorkers moving into a new ...
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.
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 ...