{"id":321,"date":"2024-11-13T16:10:00","date_gmt":"2024-11-13T16:10:00","guid":{"rendered":"https:\/\/council.nyc.gov\/shaun-abreu\/?p=321"},"modified":"2025-01-07T16:12:44","modified_gmt":"2025-01-07T16:12:44","slug":"bye-bye-broker-fee-nyc-council-approves-bill-to-eliminate-fee-for-most-tenants","status":"publish","type":"post","link":"https:\/\/council.nyc.gov\/shaun-abreu\/2024\/11\/13\/bye-bye-broker-fee-nyc-council-approves-bill-to-eliminate-fee-for-most-tenants\/","title":{"rendered":"Bye-bye broker fee: NYC Council approves bill to eliminate fee for most tenants"},"content":{"rendered":"<p>The New York City Council approved new legislation on Wednesday that will eliminate hefty upfront broker fees for most renters.<\/p>\n<p>In New York City, unlike nearly every other place in the country, tenants are often forced to fork over a fee, on top of their rent, to a broker hired by the landlord before signing their new lease. This happens even to tenants who have never met the brokers. The fees typically equal around 15% of the yearly rent \u2014 $6,300 for a $3,500-per-month apartment, for example \u2014 and go to the broker who listed or showed the unit.<\/p>\n<p>Read more <a href=\"https:\/\/gothamist.com\/news\/bye-bye-broker-fee-nyc-council-approves-bill-to-eliminate-fee-for-most-tenants\" data-type=\"link\" data-id=\"https:\/\/gothamist.com\/news\/bye-bye-broker-fee-nyc-council-approves-bill-to-eliminate-fee-for-most-tenants\">here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The New York City Council approved new legislation on Wednesday that will eliminate hefty upfront broker fees for most renters.<\/p>\n<p>In New York City, unlike nearly every other place in the country, tenants are often forced to fork over a fee, on top of their rent, to a broker hired by the landlord before signing their new lease.<\/p>\n<p>&#8230;<\/p>\n<p><strong><small><a href=\"https:\/\/council.nyc.gov\/shaun-abreu\/2024\/11\/13\/bye-bye-broker-fee-nyc-council-approves-bill-to-eliminate-fee-for-most-tenants\/\">READ MORE<\/a><\/small><\/strong><\/p>\n","protected":false},"author":152,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-321","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/council.nyc.gov\/shaun-abreu\/wp-json\/wp\/v2\/posts\/321","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/council.nyc.gov\/shaun-abreu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/council.nyc.gov\/shaun-abreu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/council.nyc.gov\/shaun-abreu\/wp-json\/wp\/v2\/users\/152"}],"replies":[{"embeddable":true,"href":"https:\/\/council.nyc.gov\/shaun-abreu\/wp-json\/wp\/v2\/comments?post=321"}],"version-history":[{"count":0,"href":"https:\/\/council.nyc.gov\/shaun-abreu\/wp-json\/wp\/v2\/posts\/321\/revisions"}],"wp:attachment":[{"href":"https:\/\/council.nyc.gov\/shaun-abreu\/wp-json\/wp\/v2\/media?parent=321"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/council.nyc.gov\/shaun-abreu\/wp-json\/wp\/v2\/categories?post=321"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/council.nyc.gov\/shaun-abreu\/wp-json\/wp\/v2\/tags?post=321"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}