NYRAC: New York Residential Agent Continuum-an update on their recent Albany lobbying
Update: 2020-03-03
Description
On our show today: Will banning brokers’ fees actually save renters money?
That question is being asked around the world as governments try to reduce move-in costs for renters. Over the past decade, Germany, Britain, Scotland and Spain have ruled that landlords, not renters, should pay brokers’ fees.
In a surprise ruling this month, New York also adopted fee reforms. A judge though temporarily blocked the changes after real estate groups sued the New York Department of State.
Investigating reforms abroad offers insight into what might happen in New York.
The preliminary findings? A ban looks like it would be a good deal for apartment hunters. And they briefly celebrated. We will get into it this morning. We have members of NYRAC, the New York Residential Agent Continuum here to discuss.
That question is being asked around the world as governments try to reduce move-in costs for renters. Over the past decade, Germany, Britain, Scotland and Spain have ruled that landlords, not renters, should pay brokers’ fees.
In a surprise ruling this month, New York also adopted fee reforms. A judge though temporarily blocked the changes after real estate groups sued the New York Department of State.
Investigating reforms abroad offers insight into what might happen in New York.
The preliminary findings? A ban looks like it would be a good deal for apartment hunters. And they briefly celebrated. We will get into it this morning. We have members of NYRAC, the New York Residential Agent Continuum here to discuss.
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