The Real Estate Board of New York (REBNY), the New York State Association of Realtors, real estate brokerages and landlords have appealed a lower court's decision to toss their free speech claims against the broker fee law
The Zillow-owned portal appeared to shed listings Wednesday after the Fairness in Apartment Rental Expenses Act became law, but a spokesperson insisted daily fluctuations are common
New York City's broker fee bill went into effect on Wednesday, prohibiting property owners from passing broker fees onto renters. REBNY attempted to block the bill's enforcement but failed
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