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The law mostly shifts fees from tenants to landlords. But since it took effect, some landlords have raised rents, and tenants ...
The FARE act, which says that whoever enlisted a broker’s help would pay the fee, has had a mixed impact so far.
The article Here's How The New Broker Fee Ban Is Impacting NYC Renters So Far appeared first on Upper West Side Patch. NEW YORK CITY — When a bill banning most broker fees became law on June 11, ...
The data contrasts with numbers touted by brokerages and their trade group, the Real Estate Board of New York, which sued to ...
A month after the FARE Act restricted forced broker fees, the city is investigating 562 complaints and questions from renters. The law took effect June 11, barring landlords from passing their ...
For the second time in a month, a judge rejected a request by the Real Estate Board of New York to block the city from implementing the Fairness in Apartment Rental Expenses Act, which bars apartment ...
New York City renters who settle on apartments that have broker fees pay an average of almost $13,000 to secure the keys to a property, which frequently includes thousands of dollars in fees for ...
New York City’s ban on brokers’ fees went into effect on Wednesday, after a Manhattan federal judge turned away a constitutional challenge from the powerful lobbying group, the Real Estate ...
Some in Massachusetts argue the new rules will have little to no effect, while others predict landlords will raise rents.
NEW YORK (PIX11) – Mandatory broker fees are banned in New York City as of Wednesday. The Fare Act, approved by the City Council last year, has taken effect. The bill automatically became law ...
Landlords will have options to offset the cost, but compliance will be crucial as failure to follow the rules could be costly ...
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