Photo: Yuki Iwamura/Bloomberg/Getty Images
In the months sync the city council passed a bill Making it illegal for a broker by the landlord to charge the tenant a fee, Everyone’s Been Watching to see actually go into effect in june. (There’s a rebny lawsuit trying to stop it.) But this week, we got a glimpse of what it might look like in practice when Crain reported What Fins Brokers Who Charge illegal Fees Wauld Have to Pay. Except they SEEM Kind of Low?
The Broker’s Fee, as anyone who’s recently moved in the city can tel, always ends up being a Kind of shockingly high amount. The standard is 12 to 15 Percent of the Annual Rent, SO Signing A Lease on a $ 3,049-A-Month Apartment in Clinton Hill-The Median Rent for A Brooklyn One-Bedroom-Will have to Pony up Somewhere in the NeighBorhOod of $ 5,488. The heftineness of that Expense Likely Went a Long Way to Creating Wideespread Support for the Broker-family Bill Among Tenants in the First Place. (And Vocal Opposition Among Brokers Who Didn’t Want to Lose Their Fees – No One SEEMS to Think Landlords Will Pay Anywhere Near that.)
For Tenants, IT of A Welcome Shift: The Up-Front Cost of Moving Apartments Will Go Down Considerably, and They Won’t Have to Pay Thousands to A Broker Who’s Actually Working on Behalf of their Landlord. But $ 750 Fins – $ 1,800 for A Second Offense, $ 2,000 for A Third and Each Subsequent Offensee (A Maximum Set in the Law Itself) – Are Far Than any Actual Broke Fee. And sura, brokers Wold, presumably, have to have back the fees they illegally Collected on top of the Fine, but it is not much of a deterrent.
There are also also Fees for landlords who require tenants to use a specific real-aestate broker or for advertising fees in the rental listing, but they’re at the Same Level. Swimming that brokers, orir Advocates, are openly expresing any relief. A Spokesperson for Rebny, WHICH IS SUING ON THE GROUNDS THAT THE LAW VIOLATES BROKERS ‘FREE-SPEECH RIGHTS, Among Other Things, Told Crain that “Consideration of Penalties Relative to the Fare Act is premature we can have the constitutionality of the law is being revolutionwed in federal Court.”
اترك تعليقاً