New York renters, rejoice—or at least take a deep breath. Starting Wednesday, June 11, the long-dreaded broker fee may no longer be your financial burden.

The law will lower up-front costs for many renters, but its effects on rents, vacancy rates, and competition remain to be seen.

A law taking effect Wednesday bans broker fees for most residential renters in New York City, the nation’s largest rental market. Here’s how renting will — and won’t — change.

New York and Boston have long been the only two major U.S. cities where tenants are often required to pay a broker's fee for renting an apartment. The cost can be as high as 15% of one year's rent.

NYC ditched broker fees last week in a supposed win for tenants, but landlords didn’t waste any time hiking rents to make up ...

UrbanDigs data shows rising rents and fewer listings in Manhattan after the city’s broker fee ban took effect on June 11.

The Fairness in Apartment Rental Expenses Act, or FARE Act, takes effect today in New York after a federal judge tossed a down-to-the-wire effort by the Real Estate Board of New York (REBNY) to halt ...

NEW YORK (PIX11) – Mandatory broker fees are banned in New York City as of Wednesday. The Fare Act, approved by the City Council last year, has taken effect. The bill automatically became law ...

A federal judge on Tuesday refused to block a landmark New York City law that will shift responsibility for paying broker fees from renters to landlords — clearing the way for the Fairness in ...

The new law will allow tenants to move without paying sometimes thousands of dollars for a broker they did not hire.

StreetEasy, the Zillow-owned New York listings platform, estimates that the broker fee ban will drop the up-front costs of renting a formerly fee apartment more than 40% on average — from nearly ...