NYC Broker Fee Ban Takes Effect, Impacting Renters and Landlords
TL;DR Summary
A new NYC law eliminates upfront broker fees, reducing initial move-in costs for renters but potentially leading to higher rents as landlords may pass on these costs, sparking concerns about increased rental prices and market scarcity.
- NYC Renters Brace for Price Hikes After Broker-Fee Ban Bloomberg
- It's official! Tenant-paid rental broker fees in New York City are history. Yahoo Finance
- Looking for an apartment? Here's how the new FARE Act will impact broker fees and the NYC rental market ABC7 New York
- Law shifting brokers' fees from tenants to landlords takes effect Spectrum News NY1
- Federal judge clears way for NYC broker fee ban to begin Gothamist
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