Landlord's agents can continue to collect commissions from tenants

The office of New York Attorney General Letitia James requested, and was granted, an extension of the temporary restraining order that NYSAR, REBNY and others filed in response to the guidance from the Department of State stating that a landlord’s agent was prohibited from collecting a broker fee/commission. With the extension granted, landlord’s agents are permitted to continue collecting commissions from a tenant until at least June 12 when the two sides are scheduled to meet in court.

LIBOR will advise its members of any developments moving forward. Questions? Call NYSAR’s Legal Hotline, which is available Monday-Friday from 9:00am-4:00pm, excluding holidays, at 518-436-9727.