A new bill that does away with broker fees for renters in New York passed today. The Fairness in Apartment Rentals (FARE) Act was approved by the New York City Council this afternoon.The Fairness in Apartment Rentals (FARE) Act, shepherded by City Councillor Chi Oss of Brooklyn, was approved by the New York City Council this afternoon. Now, property owners looking to rent out their units will have to shoulder the brokers fees, not the tenants.
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