Porchlight Rental & Destination Services -What Renters Need to Know About Broker Fees in NYC, Boston, and Nearby Markets"

The future of broker fees for renters in NYC & Boston

In November, the New York City Council passed the FARE Act that requires the person hiring the real estate agent to pay the agent’s fees. This goes into effect on June 11th of this year pending litigation. At this time, there is no proposed legislation for Westchester County NY and Fairfield County CT. Most have already reduced to 1 month’s …