Is banning rental commissions in NYC a mistake?

Is banning rental commissions in NYC a mistake? | Broker Fee Ban

00:00 - 02:39 Understanding broker fees 02:40 - 02:54 The current situation and what could happen on June 12th 02:55 - 04:12 My Opinion ...

NYC bans tenant-paid broker fees - Mortgage Professional

New York City has officially banned a long-criticized practice requiring tenants to pay broker fees for real estate agents hired by ...

Good-bye to the Broker Fee

Some good news, for once: The broker fee as we know it is over in New York City. A City Council bill that would prevent your landlord from ...

NYC agents: Are you worried about the FARE Act that passed City ...

Today, the NYC City Council voted to ban broker fees from renters. This means landlords will have to pay a broker fee to their renter's agent.

City Council ends “forced” tenant-paid broker fees; REBNY may sue

It prevents rental brokers tapped by landlords from collecting fees from tenants. Upon signing a lease in New York City, tenants typically pay ...

New York City ends broker fees for new tenants in cost-cutting move

But now, Fare will make it so that a broker who publishes a listing for a property for rent is to be paid by the landlord. It will also require ...

Bill to End Forced Rental Broker Fees Goes to Council Vote With ...

In 2024 so far, the average upfront cost for a New York City rental charging a broker fee, and also including first month's rent and a security ...

Why New York City Real Estate Brokers Are Losing Their Minds

A 2019 bill to cap broker fees at one month of rent died of lobbying causes—or at least of lobbying-induced comorbidities—in committee. With all ...

NYC Council bans broker fees for renters | FOX 5 New York

Under a system that exists in New York and almost nowhere else in the country, tenants are often forced to pay the commission of a real ...

Justin Martinez on LinkedIn: Is banning rental commissions in NYC ...

Is banning rental commissions in NYC a mistake? | Broker Fee Ban | Fee or No Fee | NYC Renting Tips. https://www.youtube.com/. Like Comment. Share. Copy

NYC bans rental broker fees, can Massachusetts be far behind?

New York City has banned rental broker fees. It will be interesting to see if Massachusetts follows suit.

NYC bans unusual practice of forcing tenants to pay real estate ...

Mandatory broker fees, an unusual feature of New York City apartment hunting long reviled by renters, will be banned under legislation that ...

Ban on brokers' fees —more City Council lunacy - NY Post

Insane over-regulation (and not just the rent laws) is why the city's housing market is already such a mess: Every new rule adds hidden costs ...

As broker fee bill heads to a vote, some say latest version is worse

“Forced broker fees in New York City are dead in three weeks,” he says in a video posted to social media platform X. “I wrote this bill over a ...

New York City's unique broker fee practices under fire - POLITICO

The fees were briefly banned in New York in 2020, based on an interpretation of state rent law reforms passed the prior year. The ban was later ...

A renter's guide to broker fees in New York City - CityRealty

In early 2020, broker fees on rentals were briefly banned. This ban was highly controversial and struck down a few days later, but then ...

NYC Bans Broker Fees Imposed by Landlords - CEO Today

NYC Bans Landlord-Mandated Broker Fees: A Landmark Move for Renters Amid Real Estate Pushback ... In a historic shift for New York City's rental ...

What impact could the proposed legislation to eliminate broker fees ...

The new laws do not ban broker fees; it just shifts the burden of payment to the landlord. So if f I were a rental broker I would simply ask the ...

Bill shifting broker fees to landlords is back. So is the fight to pass it

29, Ossé reintroduced a bill that would require whoever hires an apartment broker in NYC to pay the broker's fee. This follows up an ...

New York Should End Broker Fee for Apartment Rentals

The provision was later struck down altogether. Tenants are back now to paying additional hefty fees to rent apartments. A bill to ban the ...