The City Council approved a bill on Wednesday that would curb a loathed New York City real estate practice: making renters pay thousands of dollars in broker fees. The post New York City Council approves bill shifting broker fees to landlords appeared first on Boston.

New York City appears to getting rid of broker fees. In Boston, where 65-percent of residents rent, it's still an issue.

In a city where the cost of living continues to soar, a new bill is set to address one of the most burdensome expenses for renters in New York City.

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.

The New York City Council passed a bill Wednesday to make renting an apartment a little easier. The bill, known as the FARE Act, requires landlords to pay the fee when they hire a real estate broker to market their properties.

The New York City Council approved new legislation on Wednesday that will eliminate hefty upfront broker fees for most renters.

On Wednesday, the New York City Council approved a bill that would shift the financial burden of broker fees from renters to landlords.

NYC rents rise as a new law shifts broker fees from tenants to landlords, an action that could impact market dynamics.

Tenants searching for an apartment in New York City have long been forced to pay thousands of dollars to real estate brokers

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.