The issue of real estate broker fees came to a head at a heated City Council hearing on Wednesday, when hundreds showed up to testify both for and against a bill that would essentially shift the burden of paying the dreaded fees to landlords.
REBNY members on Wednesday demonstrated against the FARE Act, a bill that would require rental property owners to cover the cost of broker fees, rather than pass them off on tenants.
The battle over whether to shift broker fees from renters to landlords is landing on the City Hall steps Wednesday, but only after some behind-the-scenes intrigue forced one group off that coveted piece of New York City real estate.
Battle brewing in City Council over who should pay cost of broker fees in NYC nydailynews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nydailynews.com Daily Mail and Mail on Sunday newspapers.