Would Boston end broker fees for renters, now that New York City is about to?
New York City appears to getting rid of broker fees. In Boston, where 65-percent of residents rent, it's still an issue.
Tell us: Should Boston shift broker fees to landlords?
On Wednesday, the New York City Council approved a bill that would shift the financial burden of broker fees from renters to landlords.
Boston one of few cities in country that has tenants pay broker fees
As New York City ends the practice of landlords charging tenants for the broker fee, Boston remains one of the few cities left in the country where that's part of the deal. WBZ-TV's Brandon Truitt reports.
New York City Council approves bill shifting broker fees to landlords
There are many costs associated with living in an increasingly expensive New York City, but the broker fee might be the most detested one. Moving into an apartment in the city can easily cost more than $10,
Moving to New York City cost us $10K in fees. Those fees are now banned
New York is one of two cities that requires renters to pay for these services; the other is Boston. Typically, such broker fees range from 10% to 15% of a tenant’s annual rent; in a city where the average monthly rent is currently $3,898 per month, renters often must pay several thousand dollars just to move.
NYC Bans Tenant-Paid Broker Fees
Mandatory broker fees, an unusual feature of New York City apartment hunting long reviled by renters, will be banned under legislation that passed Wednesday after overcoming fierce backlash from the city’s real estate lobby.
NYC Council votes to end forced broker fees
The Council on Wednesday approved the revised FARE Act, shifting broker fees from tenants to the hiring party, typically landlords.
NYC Council passes bill to end broker fees for tenants in veto-proof vote
The New York City Council passed, in a 42-8 vote, a bill that will put an end to forcing tenant-paid brokers fees, as the city looks for strategies to tackle the housing affordability crisis. Now, whoever hires the broker will have to pay their fees.
NYC votes on shifting broker fees to landlords
Renters in the city are spending nearly $13K on upfront fees. FOX 5's Hayley Fixler has the latest ahead of the vote.
Brownstoner2d
Bill to End Forced Rental Broker Fees Goes to Council Vote With Near Veto-Proof Support
who secured him an apartment for $2,250 per month with a broker fee of $2,500. New York City and Boston are the only U.S.
CBS News3h
Mike Sullivan
Landlords in Boston may have to start paying their own broker fees, instead of renters, if a new bill becomes law. More ...
Crain's New York1d
City Council to ban forced broker fees in seismic change to rental market
The City Council considered a bill in 2019 that would have capped the fees at one month’s rent, but it stalled after brokers ...
CNBC1mon
How much should you expect to spend when you rent your first apartment?
There aren't broker's fees for renting in most areas, but you'll typically find them in New York City, and occasionally in other cities like Boston. Broker's fees are kind of like a finder's ...