Property tax strikers: “We can’t breathe”
The backers of a petition pledging to withhold property taxes say they plan to file a class-action lawsuit against...
Rent Laws
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Here’s what TRD’s Instagram followers are saying about the broker fee ban
The sudden reversal of New York’s tenant-pays-broker-fee system last week prompted fierce reaction from agents. In the hours and...
Rental commissions are back — for now
Rental commissions are back! A New York judge granted a temporary restraining order Monday afternoon, halting a Department of State guidance barring tenant-paid rental commissions from going into effect. The guidance, circulated Feb. 4,...
Stop the “havoc and confusion:” Industry petitions to overturn ban on broker fees
Early Monday morning, attorneys for the real estate industry boarded a train to Albany to file a fiery petition...
“I feel really bad for those agents”: How landlords and property managers are responding to broker fee rule
Within 36 hours of finding out about state regulators’ interpretation of the rent law, Lisa Management made the decision: It would no longer hire...
Community banks put on brave face after rent-reg market woes
For years, New York’s community banks have been go-to lenders for rent-regulated housing. Now they’re straining to convince investors...
Real estate industry to sue NYS over rental commission ban
Faced with the prospect of losing millions of dollars in commissions, the real estate industry plans to sue state...
Ignore or adhere: Brokerages divided in response to rental fee ban
UPDATED, Feb. 7, 2020, 3:15 p.m.: Sarah Saltzberg got an email alerting her to state regulators’ new interpretation of...
Broker fees for NYC rentals mystified outsiders. Here’s how other US cities do it
New York City’s rental market broker fee system, which has been especially perplexing for out-of-towners, is now mostly a...
Boston takes a cue from New York, looks to reverse broker fee system
First New York, now Boston? Following New York’s example, Boston is considering eliminating its rental broker fees, the Boston...
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