NEW YORK, June 11 (Xinhua) -- The Fairness in Apartment Rental Expenses (FARE) Act went into effect on Wednesday in New York City, ending the longstanding practice that brokers marketing an ...

New York: The Fairness in Apartment Rental Expenses (FARE) Act went into effect on Wednesday in New York City, ending the longstanding practice that b ...

NYC's broker fee law, the FARE Act, takes effect today, shifting the financial burden of paying brokers from renters to landlords.

Boston is now the only major U.S. city where tenants are still on the hook for these fees, though there are several proposals before the city government to follow New York and end the practice.

NYC Council passes bill to end broker fees for tenants in veto-proof vote The bill, dubbed the FARE Act, would "prohibit brokers from passing their fee onto tenants where the broker is exclusively ...

New York City renters may no longer be on the hook for costly broker fees when signing a new apartment lease. The city council is poised to pass the Fairness in Apartment Rental Expenses, or FARE ...

Legislation backed by a majority of the New York City Council would require landlords who hire brokers to pay their broker fees.

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 ...

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 by JAKE OFFENHARTZ, Associated Press - 06/12/24 6:27 PM ET ...

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 ...