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Looking for an apartment? Here's how the FARE Act will impact broker fees and the NYC rental market

A major change is coming to New York City's rental market this week: the end of costly, upfront broker fees for most tenants searching for apartments. The Fairness in Apartment Rental Expenses (FARE) ...
The Real Deal

Broker-fee law “screwed up the whole market,” even luxury units: Barrocas

Andrew Barrocas was a leading critic of the FARE Act before it passed. Now, he says, his warnings have proved true — even at the luxury end of the market. Barrocas, who heads the brokerage MNS Real ...
Curbed

These Broker-Fee Fines Are Lower Than Most Broker Fees

In the months since the City Council passed a bill making it illegal for a broker hired by the landlord to charge the tenant a fee, everyone’s been watching to see if it will actually go into effect ...
Curbed

Can I Pay an Illegal Broker Fee Without Being a Sucker?

Welcome to “Apartment Department,” Curbed’s new advice column by Clio Chang. Join us every other Wednesday for questions about making peace with noisy-sex neighbors, the nuances of roommate fridge ...
New York Post

New Yorkers hit with up to $4.2K in mystery fees as sneaky real estate agents flout new broker fee law: ‘Exploiting a loophole’

Well this is just un-FARE. Sneaky New York City landlords have been using tricky tactics to get around a new law that bans them from charging broker fees to renters — hitting them with up to $4,200 in ...