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The law mostly shifts fees from tenants to landlords. But since it took effect, some landlords have raised rents, and tenants ...
The FARE act, which says that whoever enlisted a broker’s help would pay the fee, has had a mixed impact so far.
The data contrasts with numbers touted by brokerages and their trade group, the Real Estate Board of New York, which sued to ...
A month after the FARE Act restricted forced broker fees, the city is investigating 562 complaints and questions from renters. The law took effect June 11, barring landlords from passing their ...
For the second time in a month, a judge rejected a request by the Real Estate Board of New York to block the city from implementing the Fairness in Apartment Rental Expenses Act, which bars apartment ...
New York City’s ban on brokers’ fees went into effect on Wednesday, after a Manhattan federal judge turned away a constitutional challenge from the powerful lobbying group, the Real Estate ...
New York City renters who settle on apartments that have broker fees pay an average of almost $13,000 to secure the keys to a property, which frequently includes thousands of dollars in fees for ...
Moving to a new home is usually a stressful — and expensive— process, but starting Aug. 1, it’s going to look a little different for renters across Massachusetts. As of that date, renters will no ...
The law will lower up-front costs for many ... with $6,930 of that sum going toward a nonrefundable 15% broker fee. New York City Council passed the FARE Act last fall with a veto-proof ...
Brokers found to be breaking the law will be forced to pay a maximum fine of $2,000 to the city and return fees illegally collected from tenants. But with broker fees usually standing at one month’s ...
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