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2. NYC bans unusual practice of forcing tenants to pay real ...

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   Mandatory broker fees, an unusual feature of New York City apartment hunting long reviled by renters, will be banned under legislation that passed Wednesday after overcoming fierce backlash from ...

3. New York City ditches broker fees despite objections from ...

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   (The Center Square) — New York City landlords will be required to pay costly broker fees for tenants under a plan approved by the City Council that real estate groups argue will drive up rents ...

4. NYC considers ending broker fees for tenants, angering real ...

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   The hefty one-time payments, known as broker fees, are ubiquitous in New York but nearly unheard of anywhere else. In most other cities, landlords cover the commission of agents working on their ...

5. NYC bans unusual practice of forcing tenants to pay real ...

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   “Anyone who has paid 15% of their annual rent in brokers fees for someone to let you in an apartment for 10 minutes knows the practice is nothing more than legalized theft.” Mayor Eric Adams, himself a former real estate broker, has raised concerns about the legislation and possible unintended consequences.

6. Burnett v. National Association of Realtors - Wikipedia

   en.wikipedia.org/wiki/Burnett_v._National...

   Fees paid to Realtors during home sales in the United States average around 6% of the sale price, a percentage considered exceptionally high compared to rates in other developed countries such as Australia, Canada, and the United Kingdom. [3] [4] [5] Industry research shows that Americans pay $100 billion in commissions to real estate agents ...

7. Real estate agent - Wikipedia

   en.wikipedia.org/wiki/Real_estate_agent

   Flat-fee real estate agents charge a seller of a property a flat fee, $500 for example, [11] as opposed to a traditional or full-service real estate agent who charges a percentage of the sale price. In exchange, the seller's property will appear in the multiple listing service (MLS), but the seller will represent him or herself when showing the ...