Many renters seeking to move in New York City have to pay up to 15 percent of an annual lease to brokers — regardless of whether they helped find the apartment. After a legal battle, the state affirmed this week that broker fees were legal.
Source: New York Times
N.Y.C. Broker Fees Are Here to Stay. Why Do They Exist in the First Place?
Published in Landlords, New York City, Real Estate and Housing (Residential), Real Estate Board of New York, Real Estate Brokers and Renting and Leasing (Real Estate)
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