Should Landlords Cover Broker Fees?

A daily mix of stories about cities, city life, and our always evolving neighborhoods and skylines. [Curbed]( FRIDAY, AUGUST 18 THE RENT IS TOO DAMN HIGH [Should Landlords Cover Broker Fees?]( Talking to a broker who thinks Chi Ossé’s new bill will be better for everyone involved. Photo: ANDREA RENAULT/AFP via Getty Images Anyone who has rented an apartment in New York City is familiar with the agonizing ritual of paying a broker [thousands of dollars]( to get the place they want. It’s a particular form of New York madness; the city is one of the few places in the country where renters have to pay for a service provided to landlords. For a short, blissful moment in 2020, it looked like newly [passed rent laws]( would end this practice — until a judge struck that interpretation down. Then in June, City Councilmember Chi Ossé introduced a [bill]( that would require whoever hired a broker to pay for their fees. Unsurprisingly, many in the real-estate industry [have tried]( to block it, claiming that a system that’s in place everywhere else around the country would be devastating for tenants, brokers, and landlords. But Michael Corley, a broker at Corley Real Estate who has worked in residential leasing in central Brooklyn for over 20 years, believes that the bill will actually make the system work better for everyone. I reached out to Corley to talk about why and how he sees the bill playing out in practice. [Continue reading »]( [Learn more about RevenueStripe...]( The Latest [Curbed’s August Report: An All-Cash Summer and Frenzied Open Houses Plus the most saved one-bedroom under $1 million.]( By Curbed Staff [A Developer and a Landlord Go to War Over 22 Air Conditioners Extell’s Diamond District neighbor is trying to claim the air next door.]( By Kim Velsey [The Look Book Goes to Rock The Bells Festival Slick Rick, Queen Latifah, Salt-N-Pepa, Big Daddy Kane, and LL Cool J performed at this year’s sold-out concert at Forest Hills Stadium.]( By Kelsie Schrader and Jenna Milliner-Waddell [Learn more about RevenueStripe...]( [Read More From Curbed]( Introducing The City Desk, a weekly newsletter about New York. [Sign up to get it every Thursday](. [GET THE NEWSLETTER]( [logo]( [facebook logo]( [instagram logo]( [twitter logo]( [unsubscribe]( | [privacy notice]( | [update preferences]( This email was sent to {EMAIL}. Was this email forwarded to you? [Sign up now]( to get this newsletter in your inbox. [View this email in your browser.]( You received this email because you have a subscription to New York. Reach the right online audience with us For advertising information on email newsletters, please contact AdOps@nymag.com Vox Media, LLC 1201 Connecticut Ave. NW, 12th Floor Washington, DC 20036 Copyright © 2023, All rights reserved