Broker's fee hits nearly $20K for a rent stabilized one-bedroom NYC apartment
One potential tenant called the proposed fee “ludicrous.”The state Department of State, which licenses real estate agents, said there was no law that sets a limit on broker’s fees.“However, a broker’s fee must represent charges for actual services.
She added that the “department takes licensee conduct seriously and investigates complaints filed on a case-by-case basis.”in 2020 ruled that under rent legislation passed in 2019 landlords should shoulder the cost. After a legal challenge by real estate industry groups, the DOS walked back its position in May 2021.
Wilford declined to comment. His boss, Michael Jacobs, did not immediately return a request for comment nor did Solil Management.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Brad Pitt reaches $20.5M settlement with Katrina victims over faulty homesGlobal Green, an environmental non-profit, has agreed to cover the settlement to the tune of $20.5M on Pitt’s behalf, the actor has confirmed.
Read more »
Bitcoin Plunged to $20.8K, Crypto Markets Erased $120B in 48 Hours (Weekend Watch)The crypto market cap is down by over $120 billion in two days, bitcoin is down to a new three-week low.
Read more »
The Drugstore Mascaras Makeup Artists Actually UseNot one of these expert-approved lash enhancers costs more than $20.
Read more »
Rappel de 28 000 Kia Sedona et Sorento 2016 | Actualités automobile | Auto123Kia procède au rappel de deux modèles de l’année 2016, soit la fourgonnette Sedona et le VUS Sorento.
Read more »