Episode 406
Could Broker Fees Be on the Way Out for Renters?
David Brand explains the FARE Act to require brokers' fees be paid by whoever hires them: how it would work, and whether the bill has a chance of passing.
June 13, 202424m 2s
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Show Notes
New York City Councilmember Chi Ossé is pushing legislation that would change how broker fees work, largely eliminating the cost for renters. David Brand, housing reporter for WNYC/Gothamist, explains how the FARE Act would work, and whether the bill has a chance of passing and CM Ossé weighs in, along with a tenant, a landlord and a broker on the phones.
Topics
affordabilitycity councilcouncilmember_ossechi_osselocal_wnycreal_estaterentersbroker_feesnyc_localhousing_crisisfare_act