Industry News

Craigslist to charge for broker apartment listings in NY

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Craigslist, the nationwide classified ad network, will begin charging a $10 fee for broker apartment listings in New York City in March, the organization announced in a posting on its site. "After many months of evaluating feedback and deliberating, we've decided to institute a $10 fee for each listing posted to the broker apartment categories on the New York site (both "fee" and "no fee"), starting March 1, 2006," says a posting on the craigslist site. In general, all listings on the national network have been free, except for a fee to employers offering job listings in the San Francisco Bay Area, New York and Los Angeles. The new $10 fee will apply only to broker apartment listings in New York City, and is the product of a long-simmering controversy. Apartment listings on the New York craigslist have soared into six figures. Because the competition is so fierce, agents repost often so their ads will stay near the top of the list. Also, scams reportedly abound in the listings, accord...