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New York City passed the F.A.R.E. Act on June 11th, 2025. And the rental market has been in flux ever since. In this video, I answer the question: What is a broker's fee? and explain how new regulations in the city are influencing the businesses of landlords and the affordability of tenants. 0:00 - Intro/ Why are you watching? 1:36 - What Is a brokers fee? 2:27 - What services does a broker’s fee cover? 6:08 - What exactly is the FARE act? 8:51 - My Opinions (Before) 12:37 - What actually happened. 12:51 - What we’ve lost… 15:55 - What I missed the first time. 19:10 - The Silver Linings (Maybe) Music by Ruqui Zhao Show Them Who You Are' and also Nyck Caution 'Yellow Tape Road' and lastly Harry Edvino 'Hotel Lalo', downloaded from Epidemic Sound! Want to use music like this in your next video? Check out this link: https://www.epidemicsound.com/referra... Also, here are some direct links to some of the articles I shared so you can read through the details for yourself: https://scallywagandvagabond.com/2022... https://legalaidnyc.org/get-help/hous... #realestate #realestatetips #realestateinvesting #landlordsagent #nycrentals #tenantrepresentationagreement #FAREAct