The New York City Council passed a bill to shift responsibility for broker fees from renters to property owners last month. Real Estate Board of New York is attempting to stop its enforcement
The bill shifts responsibility for broker fees from renters to property owners in hopes of easing affordability woes. However, opponents say the bill will only raise costs for renters in the long run
REBNY members on Wednesday demonstrated against the FARE Act, a bill that would require rental property owners to cover the cost of broker fees, rather than pass them off on tenants