A federal judge has upheld a New York City law mandating that landlords pay commission fees to listing brokers instead of tenants. US District Judge Ronnie Abrams denied the request to block the measure, backing tenant advocates who argue that brokers' fees should not burden renters. This decision clears the path for the law to be enforced and continues the real estate sector's legal challenges against it, marking a significant shift in rental market dynamics that could ease financial pressures on tenants in New York.
The federal judge's ruling marks a significant moment for tenants' rights in New York City, enabling them to avoid upfront costs associated with hiring brokers as the burden shifts to landlords.
This decision is a notable victory for advocates who have long argued that the costs of hiring listing brokers should not fall on tenants, especially in an already expensive rental market.
Collection
[
|
...
]