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.

New York City appears to getting rid of broker fees. In Boston, where 65-percent of residents rent, it's still an issue.

New York is one of the few cities where tenants paid broker fees instead of landlords. Mandatory broker fees, an unusual feature of New York City apartment hunting long reviled by renters, will be banned under legislation that passed Wednesday after overcoming fierce backlash from the city’s real estate lobby.

Tenants searching for an apartment in New York City have long been forced to pay thousands of dollars to real estate brokers

New York renters would no longer be on the hook for costly broker fees when signing a new apartment lease, under a measure passed by the city council Wednesday.

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

There are many costs associated with living in an increasingly expensive New York City, but the broker fee might be the most detested one. Moving into an apartment in the city can easily cost more than $10,

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.