The City Council approved a bill on Wednesday that would curb a loathed New York City real estate practice: making renters pay thousands of dollars in broker fees. The post New York City Council approves bill shifting broker fees to landlords appeared first on Boston.

Under the bill, whoever hires the broker would have to pay them. In most cases, that would be the landlord. The broker fee, as we know it, would end. There is a 30-day window for the mayor to sign the F.A.R.E. Act into law. If he doesn't, it still becomes ...

The New York City Council approved new legislation on Wednesday that will eliminate hefty upfront broker fees for most renters.