New York City Votes to End One of Renters’ Biggest Complaints: the Broker Fee
The broker fee, long a bane of New York City renters, just got voted out. The New York City Council passed a bill Wednesday requiring landlords to pay fees for brokers they hire to list and show apartments.
New York City Council Approves Bill Shifting Broker Fees to Landlords
The City Council approved a bill on Wednesday that would curb a loathed New York City real estate practice: making renters pay thousands of dollars in broker fees.
Moving to New York City cost us $10K in fees. Those fees are now banned
New York is one of two cities that requires renters to pay for these services; the other is Boston. Typically, such broker fees range from 10% to 15% of a tenant’s annual rent; in a city where the average monthly rent is currently $3,898 per month, renters often must pay several thousand dollars just to move.
With New York City ending tenants paying broker fees, could Boston be next?
As New York City ends the practice of landlords charging tenants for the broker fee, Boston remains one of the few cities left in the country where that's part of the deal.
New York City Council Votes to End Broker Fees Squeezing Renters
New York renters would no longer be on the hook for costly broker fees when signing a new apartment lease, under a measure passed by the city council Wednesday.
Bill Shifting Broker Fees From Renters to Landlords Is Expected to Pass
There are many costs associated with living in an increasingly expensive New York City, but the broker fee might be the most detested one. Moving into an apartment in the city can easily cost more than $10,
New York City Council passes bill requiring landlords to pay for broker fees, not tenants
The New York City Council passed a bill Wednesday to have NYC landlords pay for broker fees, instead of tenants.
NYC bill shifting broker fees to landlords overwhelmingly approved by City Council
The City Council overwhelmingly approved a bill Wednesday that would largely shift the cost of broker fees to landlords, in a hit to the real estate industry.
NYC Council passes bill to end broker fees for tenants in veto-proof vote
The New York City Council passed, in a 42-8 vote, a bill that will put an end to forcing tenant-paid brokers fees, as the city looks for strategies to tackle the housing affordability crisis. Now, whoever hires the broker will have to pay their fees.
Lavish gold-domed penthouse in New York city on sale for $25 million
Visitors to New York City’s famed Flatiron Building may have noticed the landmark’s lesser-known neighbor — a narrow ...
Amtrak Service Disrupted After Fire on New York City Route
Service between New York and New Haven, Connecticut, remained suspended on Wednesday due to a fire the day before.
NYC Pension Fund Decides to Join Climate-Finance Group
One of New York City’s pension funds is joining a climate-finance group as it double downs on efforts to address investment ...
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An Opulent 109-Year-Old New York City Mansion Lists for $59 Million
Though the words “New York City mansion” may sound like a tongue-in-cheek way to describe a residence that is slightly ...
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Gigi Hadid Takes a Bite of the Big Apple in New York City, Plus Pedro Pascal, Ben Affleck, Kevin Costner and More
Her work previously appeared in Newsweek. Stars have been everywhere this week. In New York City, Gigi Hadid poses in the ...
No More Rat Buffets: What to Know About New York City’s New Trash Rules
The trash from buildings with fewer than 10 units must now be set out in bins with lids, sold by the city for $47 and up.
Map Reveals New York City's Shift to Republicans from 2020 to 2024
One analyst told Newsweek that the needs of the city's diverse population were not being addressed by either party.
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New York City mayor praises Elon Musk as efficiency head
NEW YORK — New York City Mayor Eric Adams, a Democrat, praised Elon Musk’s inclusion in the incoming cabinet of President ...