New York City Council Approves Bill Shifting Broker Fees to Landlords
The City Council approved a bill on Wednesday that would curb a loathed New York City real estate practice: making renters pay thousands of dollars in broker fees.
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 fees range from 10% to 15% of a tenant’s annual rent; in a city where the average monthly rent is currently $3,898 per month, renters often must pay several thousand dollars just to move.
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.
New York City Council passes bill requiring landlords to pay for broker fees, not tenants
The New York City Council passed a bill Wednesday to have NYC landlords pay for broker fees, instead of tenants.
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.
Council passes measure banning broker fees for most New York City renters
The legislation would eliminate a fee imposed to be shown an apartment, have an application be processed and sign a lease.
NYC Council bars landlords from passing broker fees onto tenants in face of Adams’ skepticism
The City Council voted overwhelmingly Wednesday to pass a bill banning landlords from forcing tenants to pay broker fees, though Mayor Adams has voiced concerns about the measure and could veto it. The bill,
NYC Council to vote on shifting broker fees from renters to landlords
The New York City Council is expected to vote on a bill Wednesday that would shift broker fees from renters to landlords. PIX11’s Kirstin Cole has the story.
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Real Estate
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