NYSAR strongly opposes the NYC Council bill (Int. 360) prohibiting real estate brokers and agents of a landlord from collecting a broker's fee from a renter. This bill would drastically change the rental market by eliminating the ability to negotiate who pays a commission and would result in higher rents for tenants.

Prohibiting this common practice of collecting a broker fee will reduce the use of real estate professionals in rentals, harming both REALTORS(R) and tenants.

The NYC Council will be holding a public hearing to consider this legislation on June 12, 2024.

Urge your City Council Member to oppose this bill!