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Bye-Bye Broker Fee

American Apartment Owners Association

The New York City Council approved new legislation on Wednesday that will eliminate hefty upfront broker fees for most renters. In New York City, unlike nearly every other place in the country, tenants are often forced to fork over a fee, on top of their rent, to a broker hired by the landlord before signing their new lease.

Broker 130
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December 2024 Client Town Hall

Nest DC

If you're thinking about selling, we're happy to connect you with real estate pros we trust who can help you weigh your options, especially with occupied properties. The city is aware of the growing number of buildings facing these challenges, and we're hopeful that new support programs will be developed.