The New York City Council is considering a bill, the FARE Act, to shift the burden of broker fees from tenants to landlords. The bill, supported by a majority of council members, aims to alleviate financial burdens on renters. Real estate professionals are protesting the bill, arguing it may lead to higher rents.
NYC is thinking about trimming broker fees for tenants. https://t.co/C7sef2t3yr
New York City lawmakers could be on the verge of curbing broker fees for renters — and hundreds of leasing agents and their real estate backers are slamming the plan via @Gothamist's @DavidFBrand https://t.co/9fHKIz9uGb https://t.co/MGwJALwvFK
"NYC is one of just 2 major cities in our nation in which tenants are forced to pay the fee for a broker they did not hire. That system's bad for the economy, brutal for renters, and plainly unfair." Watch @CMChiOsse explain his proposed legislation to reform rental broker fees: https://t.co/zb6IhAoH2F
NYC Council to consider bill that would end broker fees for tenants The bill to be debated Wednesday would shift a broker's fees to be paid by whoever hired the broker — typically the landlord. https://t.co/fiat0RxbPp
Scores of brokers rallied on the steps of New York City Hall to oppose a bill before the New York City Council that would put the onus on landlords, rather than tenants, to pay broker fees. https://t.co/Y7zXpJRA9h https://t.co/3lEABc3nV1
So appreciative of your support throughout, @Lynn4NYC ♥️ https://t.co/4rfRUwNYcu
Rental Broker Fee Bill Nears VETO-PROOF SUPPORT as Council Hears Raucous Public Reactions... https://t.co/8Htw5ZSRsp
The hefty one-time payments, known as broker fees, are ubiquitous in NYC but nearly unheard of anywhere else But legislation backed by a majority of the city council would require landlords who hire brokers to pay their fees, marking a possible sea change https://t.co/9OiwcVYqLf
NYC considers ending broker fees for tenants, angering real estate industry https://t.co/adwqpHA7U7 https://t.co/8oknNPstNt
Hundreds of people turned out Wednesday as the New York City Council debated a new bill that would prevent landlords from passing broker fees to tenants. @MahsaWho has been digging into the debate and was at the public hearing. https://t.co/FK8vwlr6mX
NYC Council considers shifting broker fees to landlords https://t.co/Y7Dy88t1Q4 https://t.co/S2pSSduAzL
The issue of real estate broker fees came to a head at a heated City Council hearing. Hundreds showed up to testify both for and against a bill that would essentially shift the burden of paying the dreaded fees to landlords. https://t.co/jH7nh0Rzd4
The city council is trying again to regulate brokers’ fees for renters — as part of a contentious overhaul that opponents say will lead to higher rents as the Big Apple grapples with a yearslong housing crisis. https://t.co/zjjIpjyD1W
What to know about the NYC broker fee bill https://t.co/HTCzpuY74n
New York City Council Member Chi Ossé is once again trying to prevent renters from being forced to shoulder broker fees. A lot of real estate professionals showed up at City Hall to protest https://t.co/j0tK9KZ9NR
Thank you @BKBPReynoso for proudly supporting the #FAREAct! It’s time to end forced broker fees in New York City forever. https://t.co/lYrH1KBrPt
Thank you @MaketheRoadNY for supporting the #FAREAct! https://t.co/M73ntxASAe
City Councilmember @OsseChi is trying for the second time to change the way broker fees work in the city. The FARE (Fairness in Apartment Rentals) Act would require the person who hires the broker to pay their fee via @thecitynyc's @marichreports https://t.co/5zGwQb4lvU
NYC Council weighs curbing broker fees for renting apartments. Brokers say 'no.' https://t.co/8Yu0sGACNW
Thank you @CMShahanaHanif, co-chair of @NYCProgressives, for your enthusiastic support for the #FAREAct! It’s time to end forced broker fees in NYC. https://t.co/Am3vev8koS
The #FAREAct is a critical step in removing undue and forced burdens on renters. The bill doesn’t ban or cap broker fees. It simply shifts the broker’s fee to the person/party that hired the broker. @NYCProgressives member @OsseChi is a leader in housing justice. https://t.co/Mx2oHes96c
Whoever hires the broker should be responsible for paying the broker. It’s that simple. Thank you to @CMChiOsse for championing this commonsense bill. I urge the City Council to pass the FARE Act and alleviate unfair financial burdens on New Yorkers in search of a home. https://t.co/mkhRapIS1H
Thank you @NYCComptroller for your enthusiastic support for the #FAREAct! It’s time to end forced broker fees in New York. https://t.co/8Lj9XEtvKR
A strong majority of New Yorkers agree: it’s time to end forced broker fees. Pass the #FAREAct! https://t.co/7MnGfrI6Xf
The New York City Council is seeking to rein in broker fees — which can rise to thousands of dollars — and a majority of council members support a bill seeking to transfer the costs to landlords. A key hearing for the bill is scheduled for Wednesday. https://t.co/5FSNwMe7Ut