NYC Council considers shifting broker fees from landlords to tenants

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NYC Council considers shifting broker fees from landlords to tenants
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Transferring broker fees from tenants to landlords would be a major shift for the industry.

Wednesday, June 12, 2024 2:23PM New York City Council appears poised to change the way landlords and tenants pay real estate broker fees , transferring the costs to the landlords, in what would be a major shift for the industry.

City Councilman Chi Ossé, who brought the legislation, appears to have been edged out of the preferred rally location. His rally was instead relocated to City Hall Park.

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