Residential brokers are up in arms over the latest change to a proposed law that would cap the amount a renter can pay for a broker hired by a landlord. Douglas Wagner, Bond New York’s executive vice president of brokerage services, predicted “chaos” and the obliteration of exclusive rental listings. Cathy Taub, a broker at Sotheby’s International Realty and co-founder of the New York Residential Agent Continuum (NYRAC), called it “an unjustified, illegal and unwarranted […]
source https://therealdeal.com/2019/05/31/bill-to-cap-rental-commissions-is-amended-to-only-effect-brokers-repping-landlords/
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