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The Nexus
BUSINESSJun 8 · 09:00 UTCTHE CITY NYCSamantha Maldonado

Broker Fee Law’s First Year: Complaints, Violations and Uphill Climb to Recoup for Tenants

New York City's FARE Act, which requires landlords to pay broker fees, has led to over 2,000 complaints and 74 summonses in its first year, with $15,000 in refunds awarded to tenants. The law allows tenants to report illegal fees, but enforcement challenges persist as landlords and brokers face violations.

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Mentioned
Fairness in Apartment Rental Expenses ActtopicDepartment of Consumer and Worker ProtectionorganizationOffice of Administrative Trials and HearingsorganizationNew York CityplaceCalpersonbroker feestopic
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