Mandatory broker fees, an unusual feature ofNew York Cityapartment hunting long reviled byrenters, will be banned under legislation that passed Wednesday after overcoming fierce backlash from the city’s real estate lobby. Under a system that exists in New York and almost nowhere else in the cou...
Renters in New York City are getting some relief after the City Council passed the FARE act, banning heft upfront broker fees in most cases. The new legislation shifts the responsibility of broker fees to landlords unless renters hire a broker themselves. FOX 5's Morgan McKay has the story....
NEW YORK - New York City renters are pushing back against the steep broker fees they’re required to pay—even when they didn’t hire the broker. StreetEasy data reveals that in 2024, the average upfront cost for rentals with broker fees in the city is $12,951. With fees reac...
Wednesday, the New York City Council passed a law that shifts the burden of broker fees to landlords. CBS News New York investigative reporter Mahsa Saeidi has been tracking the high cost of moving for New Yorkers.Nov 14, 2024 Twitter ...
On Wednesday, the New York City Council will vote on a proposal to end forced broker fees.Nov 13, 2024 Twitter Facebook Email Live Now CBS News 24/7 CBS News Baltimore CBS News Bay Area CBS News Boston CBS News Chicago CBS News Colorado ...
GOOD WEDNESDAY MORNING, MASSACHUSETTS.FWIW, Boston’s status as the last city where landlords can pass off broker fees to their tenants isn’t officialyet. New York City Mayor Eric Adams still needs to sign offon the legislation, whichhe’s been critical of– but even if he does veto, it...
Cuomo bungled the ban on broker fees The Editors Associated Press Seven months agoNew York updated its rent lawsto help alleviate one of city dwellers' most burdensome costs: housing. But beginning Feb. 4, tenants really started to feel the impact of those changes. That’s when the...
Switch tonew thesaurus Noun1. broker-dealer- a financial specialist who trades for his own account and so acts both as a broker and principal dealer,principal- the major party to a financial transaction at a stock exchange; buys and sells for his own account ...
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