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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...

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https://ajc.com/news/nation-world/nyc-considers-ending-broker-fees-for-tenants-angering-real-estate-industry/VALQLAEFMRHM5MDWCLBDF6GCSQ

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