The Daily Dirt: Changes to rent law raise concerns at Nooklyn

A change to the state’s rent law has raised some questions about a brokerage’s financial health.  In response to New York’s new rent stabilization law — which caps rental application fees at $20 — Nooklyn made a few changes. For one, the startup brokerage cut its fees from $100 to $9.29. To make up for this loss in revenue, Nooklyn also chopped brokers’ commissions and implemented a longer payment schedule.  Though brokerages across the city

source https://therealdeal.com/2019/10/09/the-daily-dirt-changes-to-rent-law-raise-concerns-at-nooklyn/