See Local News
Get Balanced News From Your U.S. State.
See Local News
See all locals

NYC considers ending broker fees for tenants, angering real estate industry

Posted on AllSides June 12th, 2024
From The Left

Renters, who make up more than two-thirds of city households, are hailing the latest attempt at reform. At a hearing Wednesday, many New Yorkers recalled paying exorbitant fees to brokers who appeared to do little more than open a door to an apartment or direct them to a lockbox. “In most businesses, the person who hires the person pays the person,” said Agustina Velez, a house cleaner from Queens who said she recently paid $6,000 to switch apartments. “Enough with these injustices. Landlords have to pay for the services they...

Read full story

AllSides Picks

More News about Banking and Finance from the Left, Center and Right

From the Left

From the Center

From the Right