NYC Call for Action: NYSAR Opposes City Council Bill Restricting Rental Broker Fees

REALTORS® living and working in New York City – Please urge the New York City Council to oppose legislation (Int. 360) prohibiting real estate brokers and agents of a landlord from collecting a broker’s fee from a renter. This bill would drastically change the rental market by eliminating the ability to negotiate who pays a commission and would result in higher rents for tenants. Prohibiting this common practice of collecting a broker fee will reduce the use of real estate professionals in rentals, harming both REALTORS® and tenants. The NYC Council will be holding a public hearing to consider this legislation on June 12, 2024. Urge your NYC Council Member to oppose this bill by clicking here.