Latest Articles Tagged "brokers-fees"
For many renters, the announcement offered an unsatisfying conclusion to the dramatic and confusing 15-month saga around broker fees.
On Monday, New York Supreme Court Judge Michael Mackey judge issued a temporary restraining order halting last week's widely-celebrated ban on broker fees.
The lawsuit will charge that the Department of State "usurped its role by engaging in improper rulemaking."
Multiple New Yorkers told Gothamist that they've been misled or outright lied to by real estate brokers in the days since the Department of State issued its guidance.
'It should be relatively easy to pursue.'
New guidance will pass the cost of brokers fees onto landlords — but REBNY is already vowing to sue.
'It’s not news that New York City is one the most expensive places to live in the country. But there is something we can do about it.'
Padspin doesn't actually cut the fee entirely, but it does put it back in the hands of actual renters.