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)
More from LandlordsMore posts in Landlords »
More from New York CityMore posts in New York City »
- Tabloid Publisher Testifies Trump Asked Him to ‘Help the Campaign’
- Over 100 Arrested at Columbia After Pro-Palestinian Protest
- Jury of 12 Is Seated in Trump Criminal Trial
- Columbia Leaders Grilled at Antisemitism Hearing Over Faculty Comments
- No Jurors Picked on First Day of Trump’s Manhattan Criminal Trial
More from Real Estate and Housing (Residential)More posts in Real Estate and Housing (Residential) »
- New York Governor Seeks to Address Housing Crisis With Stopgap Measures
- Homes for Sale in Manhattan and on Staten Island
- Hochul and Adams Envision ‘New New York.’ Getting There Is the Trick.
- Looking for a House in This Tight Market? Consider an Octagon.
- Mayor Adams’ Plan for NYC’s Housing Crisis Would Relax Rules for Developers
More from Real Estate Board of New YorkMore posts in Real Estate Board of New York »
- New York Developers Rush to Reduce Emissions as Hefty Fines Loom
- New York City May Ban Tenant Criminal Background Checks
- Discrimination Weakens Tool for Reducing N.Y. Homelessness, Lawsuit Says
- Why Co-Working Spaces Are Betting on the Suburbs
- New York Is Getting $22 Billion in Federal Aid. How Should It Be Spent?
More from Real Estate BrokersMore posts in Real Estate Brokers »
More from Renting and Leasing (Real Estate)More posts in Renting and Leasing (Real Estate) »
Be First to Comment