Thursday, 13 February 2020

Broker-fee ban could boost some startups, doom others

As rental agents descended into apoplexy after a state agency ruled that tenants need not pay their fees, one corner of the industry quietly cheered. Startups pursuing various strategies to help renters find a home saw the Department of State guidance released last week as a validation of their businesses, some of which aim to circumvent agents or eliminate broker fees. “Exclusivity agreements are kind of becoming radioactive,” said Lee Lin, founder of listings platform



source https://therealdeal.com/2020/02/13/broker-fee-ban-could-boost-some-startups-doom-others/

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