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

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 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 ...

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 ...

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.