People looking to rent apartments in New York City are often asked to pay a broker fee, even if they didn’t hire a broker themselves.
A bill currently being considered by the City Council could change that. It would require broker fees to be paid by whichever party hired the agent.
Supporters and critics of the legislation turned out for rallies outside City Hall this week, and for a hearing inside the council chambers.
NY1 anchor Rocco Vertuccio sat down with Crain’s New York reporter Nick Garber for analysis on the issue.