New York City Council approves bill shifting broker fees to …
13 hours ago · The fee is typically more than one month’s rent, and right now the median rent is roughly $3,400. The City Council approved a bill Wednesday to shift the cost of broker fees to …
NYC bill shifting broker fees to landlords overwhelmingly …
1 day ago · Published Nov. 13, 2024, 7:11 p.m. ET. Comments. The City Council overwhelmingly approved a bill Wednesday that would largely shift the cost of broker fees to landlords, in a hit …
NYC Council passes bill to end broker fees for tenants in veto …
1 day ago · The New York City Council will hold a vote on Wednesday on the Fairness in Apartment Rentals Act, a bill that would end broker fees for tenants. If passed and signed by …
Bill to End Forced Rental Broker Fees Goes to Council Vote With …
2 days ago · Paying brokers’ fees to rent an apartment might just become a thing of the past for many tenants in New York City. The City Council on Wednesday is poised to pass a revised …
New York City Council passes bill that would require ... - CBS News
1 day ago · NEW YORK -- The New York City Council passed a bill Wednesday to have landlords pay for broker fees, instead of tenants. The Fairness in Apartment Rental Expenses, or …
Bye-bye broker fee: NYC Council approves bill to eliminate fee …
1 day ago · The fees typically equal around 15% of the yearly rent — $6,300 for a $3,500-per-month apartment, for example — and go to the broker who listed or showed the unit.
City Council votes to relieve renters from paying broker fees with …
1 day ago · The council member said that in his district, many renters have to cough up $12,000 to $15,000 just to rent an apartment. That sum includes first month’s rent, a security deposit …
City Council Approves Rental Broker Fee Reform Bill - The Real Deal
1 day ago · Nov 13, 2024, 3:05 PM. By. Kathryn Brenzel. After years of failed attempts to reform rental broker fees, the City Council on Wednesday approved a measure to free tenants from …
What to Know About New York’s Latest Attempt to End Forced Broker Fees …
Jun 11, 2024 · The Real Estate Board of New York challenged the restriction in a lawsuit, resulting in a state court overturning the ban in 2021. There was also a bill proposed in the …
NYC city council passes bill ending broker fees
23 hours ago · The broker’s fee tends to be 10%–15% of full-year rent, or $4,200–$6,300, for the average pad. Including broker’s fee, first month’s rent, and security deposit, moving into an …