4 ms·
Didn't they do this before and brokers found a way around it?
by 535188B17C93743 2y ago
Didn't they do this before and brokers found a way around it?
- standardUser 2y agoGood question. I rented my first and so far only NYC apartment in 2021 and I did not have to pay a broker fee. Apparently, I had very good timing... "In 2020, interpreting a tenant protection law passed by the legislature, the New York Department of State issued guidance that prohibited brokers hired by landlords from charging tenants. The Real Estate Board of New York challenged the restriction in a lawsuit, resulting in a state court overturning the ban in 2021." https://council.nyc.gov/shaun-abreu/2024/06/11/the-city-what-to-know-about-new-yorks-latest-attempt-to-end-forced-broker-fees-for-renters/#:~:text=A%20broker%20is%20typically%20a,help%20them%20find%20a%20home https://council.nyc.gov/shaun-abreu/2024/06/11/the-city-what....
- rgrmrts 2y agoThe law didn’t pass or was quietly killed, presumably due to pressure by lobbyists representing rental agencies.