Tuesday, 3 March 2020

What the broker fee limbo means for agents, firms, landlords and renters

Sarah Saltzberg got an email just after 9 p.m. on Feb. 4 alerting her that state regulators had issued guidance banning most tenant-paid broker fees. “This blindsided us,” she said. “The sky is blue. Now all of a sudden the sky is red. Change your entire business model.” Saltzberg — one of more than 20,000 licensed real estate brokers in New York City — leads Bohemia Realty Group, a 152-agent firm that focuses on rentals



source https://therealdeal.com/2020/03/03/what-the-broker-fee-limbo-means-for-agents-firms-landlords-and-renters/

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