Broker's fees: the subject of a heated hearing and rallies in NYC yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
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.
It's a familiar and agonizing experience for legions of New York City renters: before moving into a new apartment, a tenant must first shell out thousands of dollars in fees to a real estate broker, even if that person was hired by the landlord.