The Department of State has intervened in the economics of New York’s rental market. Landlords must now pay the broker fees for real estate agents they hire to represent their interests, according to new guidance from the DOS. This is a reversal from the tenant-pays system that is the norm in rental transactions in New York City. Any real estate agent acting on behalf of a landlord that accepts a broker fee paid by a
source https://therealdeal.com/2020/02/05/owners-must-pay-rental-broker-fees-says-new-state-guidance/
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