This New York City Council Member just eliminated forced broker fees forever скачать в хорошем качестве

This New York City Council Member just eliminated forced broker fees forever

On Wednesday, November 14th, 2024, the New York City Council voted the Fairness in Apartment Rentals Act, or FARE Act, into law. The act states that in New York City, when it comes to rental properties, the party that hires the broker must be the one to pay for their services. Up until now, many New York City residents were subjected to broker fees when moving into rental units despite not having hired the broker themselves. These broker fees have been recognized as financial hurdles for many lower-income New Yorkers, as moving costs in the city can often exceed $10,000. The FARE Act hopes to remedy this issue and align New York City rental law with the the rest of the United States, which, with the exception of Boston, does not allow for forced broker fees on tenants. The Council Member behind the FARE act is Brooklyn-native Chi Osse, who is also New York's first, and currently only, Gen Z City Council Member. Upon being elected to his district in 2022, Osse was baffled to learn that broker fees could, on average, exceed 15% of yearly rent costs. With bills attempting to curb broker fees proving unsuccessful in the past, Osse's office came up with the FARE Act, a "common sense" solution to, what Osse says was an unfair system. Check us out on: Website - www.localish.com Facebook -   / localish   Instagram -   / localish   Twitter -   / localish   Localish is all about bringing out the good in America’s cities. Our locally-sourced stories transcend city limits so you can live like a local wherever you go. #Localish #GoodPeople #GoodNews