The hefty one-time payments, known as broker fees, are ubiquitous in New York but nearly unheard of anywhere else. In most other cities, landlords cover the commission of agents working on their ...

NEW YORK (AP) — 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 ...

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 ...

Legislation backed by a majority of the New York City Council would require landlords who hire brokers to pay their broker fees, marking a potential sea change in one of the country’s most ...

Currently, city renters are often on the hook to pay thousands of dollars in fees to brokers, even if they are hired by the landlord. The new bill would bar that practice, requiring whoever hires ...