On June 12, 2024, the City Council Committee on Consumer and Worker Protection held a public hearing on Int. 360, sponsored by Council Member Chi A. Ossé. The bill, known as the FARE (Fairness in Apartment Rental Expenses) Act, ensures that the party hiring a broker, whether tenant or landlord, is responsible for paying the broker.
brokers
Real Estate: Key Industry to Return to Work in Phase 2 of Reopening
Brokerages may show properties, under regulation, as part of Phase 2 reopening. On June 22, 2020, New York City officially entered Phase 2 of the State’s COVID-19 reopening plan. In addition to the opening of in-person retail and sidewalk seating for restaurants, the real estate industry was a key industry permitted to reopen. This applies to residential property management companies, real estate brokers, building inspectors, appraisers and related building operators.