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The New York City broker fee is back — for now - Business Insider

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The New York City broker fee is back — for now

The broker fee ban that took the New York City real estate industry by storm has been halted — for now.

But amid heavy backlash from rental brokers who said their livelihoods were at stake, the industry filed an Article 78 petition this morning in Albany. In a statement, REBNY and NYSAR said they look forward to resolving the issue in court "in the weeks ahead." In the meantime, agents will be able to "do business in the same way they did prior to last week's DOS memo without fear of discipline by the DOS."

 

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