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Boston is 1 of last places to allow renter-paid broker fees
Boston is one of the last places to allow renter-paid broker fees
In the Greater Boston area, the broker’s fee is usually an entire month’s rent. According to Zumper, the average cost of a Boston apartment was just over $3,000 in November. That puts total move-in cost (first and last months’ rent, security deposit, and a broker fee) at a total of at least $12,000.
Tell us: Should Boston shift broker fees to landlords?
On Wednesday, the New York City Council approved a bill that would shift the financial burden of broker fees from renters to landlords.
Could Boston follow New York City in ban on requiring tenants to pay broker fees
Legislation passed this week in New York City leaves Boston as the last major city where tenants can be required to pay hefty fees for real estate brokers hired by their landlords.
Brownstoner
3d
Bill to End Forced Rental Broker Fees Goes to Council Vote With Near Veto-Proof Support
He decided to hire a
broker
himself, who secured him an apartment for $2,250 per month with a
broker
fee
of $2,500. New ...
The New York Skyline
2d
NYC Council votes to end forced broker fees
The Council on Wednesday approved the revised FARE Act, shifting broker fees from tenants to the hiring party, typically ...
2d
on MSN
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 ...
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