NYSAR Call for Action: Oppose Broker Fee Bill in NYC Council, Rally on 6/12

Jun 5, 2024

NYSAR urges REALTORS® living and working in New York City to tell their local Council Member to oppose legislative changes to broker fees (Int. 360, aka the FARE Act). NYSAR believes this bill would drastically change the rental market, eliminating the ability to negotiate who pays a commission, resulting in higher rents for all tenants. Prohibiting this common practice of collecting a broker fee from the tenant will reduce the use of real estate professionals in rentals, harming REALTORS® without helping tenants. The FARE Act's sponsor, City Council Member Chi Ossé (D-Bed-Stuy, Crown Heights) recently announced its endorsement by the NYC's Central Labor Council - including politically powerful unions such as 1199SEIU, DC37, NYS Nurses Association (NYSNA), RWDSU/UFCW, and the Hotel & Gaming Trades Council (HTC).

CALL FOR ACTION: NYSAR urges you to tell your local NYC Council Member to oppose this bill by clicking here.

RALLY: The NYC Council's Committee on Consumer and Worker Protection will hold a public hearing to consider Int. 360 on June 12, 2024 at 10 AM. NYSAR is holding a rally at 9 AM outside City Hall in Lower Manhattan before the hearing. You can register by clicking here.