Real Estate Board of New York
Coverage of Real Estate Board of New York in the Nexus archive.
- Landlords lose appeal challenging NYC broker fee ban
New York City landlords, real estate brokers, and industry groups lost an appeal challenging the Fairness in Apartment Rental Expenses Act, which prohibits landlords from passing broker fees to tenants. A three-judge panel affirmed a lower court’s ruling, stating the law addresses housing affordability and does not unconstitutionally restrict speech. The Real Estate Board of New York remains committed to challenging the law, citing reduced transparency and rising rents.
- BREAKING: Rent Guidelines Board votes to freeze the rent, fulfilling Mamdani campaign promise
The New York City Rent Guidelines Board voted to freeze rents for rent-stabilized apartments for one and two-year leases, affecting over 1 million units. The 7-1 decision fulfills Mayor Mamdani’s campaign promise, with owner representative Maksim Wynn joining the majority after initial opposition, while property owner groups criticized the move.