by Phil Hall | Dec 17, 2024 | Current News & Events, Market Snapshot, Real Estate News, WRE News Exclusive
The Real Estate Board of New York (REBNY), a lobby group representing New York City brokerages and landlords, has filed a lawsuit in federal court to block a new law that would end the local practice of tenants paying upfront broker fees to agents who list apartments...
by Phil Hall | Nov 13, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive
The New York City Council passed a bill that will change the responsibility for broker fees from the renter tenant to the landlord. According to combined media reports, the legislation dubbed the Fairness in Apartment Rental Expenses (FARE) Act, requires landlords to...