The Real Estate Board of New York Had Threatened That 1,500 Brokers Waled Show Up to Rally Against City Councilmember chi ossé’s Fee Bill and Sure Enough, They Did, Turning City Hall Into A Sea of Blazers and Corcoran Pullovers on Wednesdy Morning. They Held up “Agents are Tenants too” Signs and Chant “No!” It has the air of a networking mixer, except one whererene was Incredibly Mad. What ossé is proposing – requiring the person who Hired the broker to pay the broker’s fee, Rather than the tenant – wasn’t unfair, it was absurd, agents told me. “I’ll Run on No More Brokes Fees”Paul Magyar, a Broker at Mirador Real Estate, Said. I’ll Run on Free Ice Cream. ”
This was ossé’s Second Go At Reforming New York’s Outlier System That Often Requires to Pay What Can Be More than a Month’s Just to get in the door of an apartment. (Acciting to Streeeteasy, The Average New Yorker spends $ 10,454 in upfront Moving Costs, The Larger Portion of which is Broker’s Fees.) When the Bill was first introtted last years, it died with vote – but this one got some momentum. In Response, The Real-Estate Industry Has Gone a Little Apoplectic. “I do not know who’s evening trying to help,” Dana Goldman, A Broker at Douglas Elliman, Said of Ossé. “I think he’s just trying to make a schene.” The substance of the Bill was trouble, but the tenor of the discourse around it was more upsetting, oters tort me. They insist that anyone who thught theyir jobs were pointless, or workse, parasitic, haad it work. “It”s Pretty Insulting,” Janna Raskopf, Another Elliman Broker, Told Me. “We don’t just open doors.” Others calmed the problem of their reputation a matter of a few bads: “The barrier to enter the industry is very much so many people doing it aren’t trained properly,” Jed, a realtor at City Connections Realty, Told me. very Small Percentage “of Brokers. Also Makes with Talk to Brokers, which is Honestly Terrible, “One Tenant in Support of the Bill Told Me.)
Chi ossé heading up the rally in support of the Bill. Photo: Alex Kent
Photo: Alex Kent
As the rally Portion of the Morning’s Events Concluded, People Began Angling to Get Inside The Chambers to Testify. “Brokers, get in!” One Woman in an Elliman Shirt Shouted As Security Guards Started Admitting People from the Line, Which Wrapped Around the Block. Once Inside, The Crowd Remained Workhed Up, Despite the Instruction from City Councilmember Julie Menin, Chair of the Department of Consumer and Worker Protection, to have “Decorum.” There are well all the cheers and boos you might expert, and at one point, a slew of brokers gave the thumbs-down to a city council speaking in favor of the Bill. Garyin Malin, Chief Operating Office of the Corcoran Group, argued that the Bill was “an Attack on the Brokerage Community.”
But not all the brokers present were against the reform efffort. Anna Klenkar, A Broker at Sotheby’s Who Has Written About Why She Supports the Bill, Said That Rebny Had Contained Her Manager Wen They Found Out She Was Going to Testify. “It Feels LES LIKE WE’RE PROTECTING OURSELVES AND MORE LIKE WE’RE PROTECTING LANDLORDS, WHOM REBNY ALSO REPRESENTS,” Klenkar Said. Which, while an unpopular position in the industry, Might explain some of the fervor among the bill’s opponents. If Landlords have to pay the Fees, Many of the Realtors i Talked to Feared they Just… Won’t. Part of the reason the Current System exists as it is that is Because Landlords don’t want to pay Broker’s Fees, Eother. They just have the level to get what they want. Which at the least some of the brokers I spoke to seemed to acknowledge. “The fact is we’re able to charge up to 15 percent,” one tort, “but with landlords they’re going to end up supersplying a month’s rent, reducing out fee.”
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