💸➡️ 🏙️ NYC cut rental broker fees and lost thousands of listings. REBNY says inventory fell 33% after the FARE Act as apartments moved off public sites. Fewer listings, higher rents, less transparency. Was this the tradeoff?
🔗 t.ly/dKCFF
#NYCHousing #FAREAct #Renters #Affordability
🚨 NYC’s FARE Act was supposed to help renters. Instead, it’s sparked 💸 rent hikes, ⚠️ loop holes and legal confusion & a flood of complaints. A deep dive into 1.3M listings shows how a “win” for tenants may be backfiring in real time.
📊 Details: t.ly/M9Sgm
#FAREAct #NYCHousing
lol @streeteasy.bsky.social apparently violating the very law it advocated so hard for by having both ‘fee’ and ‘no fee’ listings after the #fareact went into effect
Update: NYC’s FARE Act faces legal challenge. REBNY, NYSAR, and others argue it infringes on rights and could reduce rental listings. Oral arguments set for May 2. Stay informed: t.ly/tJV8p #FAREAct #NYCHousing #RentalMarket #TenantProtection
NYC’s FARE Act, effective June 2025, shifts broker fees from tenants to landlords. Critics warn it could lead to higher rents and fewer publicly listed apartments, making it harder for renters to find homes. A lawsuit seeks to block it. Learn more: t.ly/VO8uA #FAREAct #NYCHousing #RentalMarket
NYC’s FARE Act faces a critical test as REBNY challenges its legality, arguing that only the state can regulate broker fees. With AG Letitia James backing the city, all eyes are on the court as REBNY’s next filing is due April 11.
t.ly/72wJT
#FAREAct #NYCRealEstate #BrokerFees #REBNY #RealEstateLaw
I am trying to find out how this lawsuit could affect the bill, but if you have been following PIX11's coverage, the bill is currently VETO PROOF. #NYC #FAREAct #NYCapartments #Housing #Lawsuit #realestate #Apartments
This week the NYC Council passed Introduction 360-A, also known as the #FAREAct, which will alleviate financial burdens on renters by ensuring that tenants are not forced to pay the fee for the services of a real estate broker they did not hire.
Looking back at rally pics from passage of @chiosse.bsky.social’s landmark #FAREAct - such incredible daylight on city hall steps this week
Statement from NYCCLC President Vincent Alvarez on today’s NYC Council passage of the #FAREAct.
