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A wet, hot, broker fee-free summer? A major change to rental broker fees is supposed to start in June
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A wet, hot, broker fee-free summer? A major change to rental broker fees is supposed to start in June
June 11th. That’s the day New York City renters could be free from paying a broker fee for agents who work on behalf of landlords—a longstanding practice that has frustrated legions of renters. A new law, the Fairness in Apartment Rentals (FARE) Act, would require landlords to pay the broker they hire starting on June 11th, according to the NYC Department of Consumer and Worker Protection. The new law would be a relief for renters looking to avo…
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