The City Council voted overwhelmingly Wednesday to pass a bill banning landlords from forcing tenants to pay broker fees, though Mayor Adams has voiced concerns about the measure and could veto it.

The City Council on Wednesday overwhelmingly voted to free New York renters from having to pay costly real estate broker fees — passing legislation introduced

The City Council approved a bill on Wednesday that would curb a loathed New York City real estate practice: making renters pay thousands of dollars in broker fees. The post New York City Council approves bill shifting broker fees to landlords appeared first on Boston.

The New York City Council passed a bill Wednesday to have NYC landlords pay for broker fees, instead of tenants.

The City Council overwhelmingly approved a bill Wednesday that would largely shift the cost of broker fees to landlords, in a hit to the real estate industry.

The New York City Council passed, in a 42-8 vote, a bill that will put an end to forcing tenant-paid brokers fees, as the city looks for strategies to tackle the housing affordability crisis. Now, whoever hires the broker will have to pay their fees.

The New York City Council has passed a bill that will swap broker fees from the renter to the landlord -- but not everyone thinks it's a good idea. On average, New Yorkers shell out 15% of their annual rent on broker fees,