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New York City Renters Stand to Win Big if Landlords are Required to Pay Broker Fees

New York City Renters Stand To Win Big If Landlords Are Required To Pay Broker Fees

The New York Department of State unexpectedly banned Broker Fees for New Yorkers renting an apartment last week, throwing the local real estate industry into a whirlwind. Residential brokers are understandably furious and have already gone to court and obtained a temporary restraining order halting the ban, but for renters, the new rules might make life a lot easier. We’ve crunched over a week’s worth of data that shows the average New Yorker would save close to four thousand dollars, even if landlords increase monthly rents.



This post first appeared on PropertyClub Real Estate, please read the originial post: here

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New York City Renters Stand to Win Big if Landlords are Required to Pay Broker Fees

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