11/11/2024
Hello all,
Local politicians are trying to demonize what I do for a living. They are telling the public that broker fees are the cause and result of the lack of inventory in the NYC marketplace. I can assure you this is not true. The fare act, which they are about to vote on could make it even harder for the consumer to find listings. Could also force landlords to pay the brokerage fees. If this happens the fees will be baked into the rents, pushing rents even higher than they are now.
A vote for the FARE Act by the NYC Council is a vote for higher rents and less transparency for New Yorkers.