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NYC Council passes bill to end broker fees for tenants

NYC broker fee law requires landlords to cover the cost, not tenants

Broker fees in NYC will be covered by landlords, instead of tenants, under a new law passed Wednesday by the City Council.

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.

Gothamist · 2d

Bye-bye broker fee: NYC Council approves bill to eliminate fee for most tenants

The New York City Council approved new legislation on Wednesday that will eliminate hefty upfront broker fees for most renters.

Curbed on MSN2d

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 ...

pix112d

NYC broker fee bill could lead to higher rents, mayor says

The New York City Council passed a bill on Wednesday that requires landlords to pay the fee when they hire a real estate broker to market their properties. Right now, renters generally pay the ...

Black Enterprise3d

Average Cost Of Renting NYC Apartments, Including Broker’s Fee, Hits $13K

This hefty sum covers the broker’s fee, the first month’s rent ... the high fees they were forced to pay brokers to snag an NYC abode. “It doesn’t seem like that’s something that ...

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NYC Council passes bill to end broker fees for tenants

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