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FirstLoans - Real Status · Aug 19, 2026

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NYC’s broker fee ban may be pushing apartments off-market. The FARE Act, which took effect in June 2025, stopped landlords from passing the cost of their listing brokers onto tenants. But a year later, Bloomberg reports more apartments are being kept off public listings, with renters now paying brokers thousands of dollars just to find out what’s available. Read more 👉

NYC’s broker fee ban may be pushing apartments off-market. The FARE Act, which took effect in June 2025, stopped landlords from passing the cost of their listing brokers onto tenants. But a year later, Bloomberg reports more apartments are being kept off public listings, with renters now paying brokers thousands of dollars just to find out what’s available. Read more 👉https://news.bloomberglaw.com/new-york-brief/broker-fee-law-pushes-apartments-behind-paywall-new-york-brief

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