NYC considers ending broker fees for tenants, angering real estate industry By Jake Offenhartz • Published June 12, 2024 • Updated on June 13, 2024 at 9:01 am ...

The hefty one-time payments, known as broker fees, are ubiquitous in New York but nearly unheard of anywhere else.

NYC Considers Ending Broker Fees for Tenants, Angering Real Estate Industry NEW YORK (AP) — It’s a familiar and agonizing experience for legions of New York City renters: before moving into a ...

It’s a familiar and agonizing experience for legions of New York City renters: before moving into a new apartment, a tenant must first shell out thousands of dollars in fees to a real estate ...

Such broker fees were previously banned in 2020 under a package of renter protection laws passed by the state. But they were quickly reinstated following a lawsuit led by the Real Estate Board of ...

NYC considers ending broker fees for tenants, angering real estate industry by JAKE OFFENHARTZ, Associated Press - 06/12/24 6:27 PM ET ...

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A proposal seeking to eliminate a hefty price tag for New York City renters is drawing fierce opposition from the real estate industry.

By JAKE OFFENHARTZ Associated Press NEW YORK (AP) — A proposal seeking to eliminate a hefty price tag for New York City renters is drawing fierce opposition from the real estate industry ...

Brokerage firms estimate that roughly half of the city’s apartments require a tenant-paid broker fee. The price of those fees can vary widely, though the standard amount is 15% of the annual rent.

NYC considers ending broker fees for tenants, angering real estate industry A proposal seeking to eliminate a hefty price tag for New York City renters is drawing fierce opposition from the real ...