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Renting in New York City just changed in a big way—learn how the new FARE Act in NYC affects broker fees, rental listings, and your overall apartment search in 2025. This video explains what the FARE Act means for NYC renters, including who pays the commission, how fees must be disclosed, and what you need to know before signing a lease. If you're apartment hunting in New York City, understanding this law is essential to avoid unexpected costs. We’ll cover the biggest pros and cons of the FARE Act for renters, how landlords are reacting, and what early trends we’re already seeing in the NYC rental market. Whether you're a first-time renter or relocating to NYC, this guide will help you navigate the new rules and make smarter, more informed decisions when renting in New York City. 🚚 Moving to NYC? I’d Love to Help! 👋 Dewey Moss, Lic# 10401350036 📲 (917) 301-4639 📧 dewey@deweymossrealestate.com 👋 Dewey Moss, Lic# 10401350036 📆 Schedule Discovery Call: https://calendly.com/dmossrealestate 🏆 Brokered by: Weichert Properties Union Square, Lic# 10311205304 Highly Recommended Videos: 🌆 The COMPLETE Co-Op Buying Guide in New York City 2024 | w/ Industry Tips & Strategies! - • The COMPLETE Co-Op Buying Guide in New Yor... 🏗️ Co-ops VS. Condos: A Guide to NYC Real Estate! - • Co-ops VS. Condos: A Guide to NYC Real Est... 🤠 UPDATED Steps in Buying a Condo in NYC | Criteria, Requirements, & Step-by-Step Breakdown! - • UPDATED Steps in Buying a Condo in NYC | C... Connect 🌐 Website: https://deweymossrealestate.com/ 📺 YouTube: / @deweymossrealestate 📲 Facebook: / deweymossrealestate 📱 Instagram: / deweymossrealestate 💼 LinkedIn: / deweymoss Disclosures 😀 Info provided is opinion and for entertainment purposes. 💰 Links shared may be affiliate links to products or services. We may receive a commission, discount or benefit for purchases made through these links. 🔎 Sources Niche, Wikipedia, TravelTime, Census, Real Estate Commission 😀 Info provided is opinion and for entertainment purposes. 💰 Links shared may be affiliate links to products or services. We may receive a commission, discount or benefit for purchases made through these links. 0:00 – Introduction: The Fare Act is Law 0:36 – Overview: What the Fare Act Changes 1:20 – The Law Applies to All Rentals 1:40 – How Commissions Worked Before 3:33 – Fee vs No-Fee Apartments Explained 5:00 – New Commission Rules Under the Fare Act 6:27 – What This Means for Online Listings 7:37 – Potential Market Impacts 10:54 – Required Fee Disclosures (Transparency Rules) 12:15 – Early Reactions: Off-Market Listings & Price Increases 13:15 – Closing Thoughts & What's Next The FARE Act Just Changed Renting in NYC | What Every Renter Needs to Know #renting #nyc #livinginnewyork