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New York City Council Votes to End Broker Fees Squeezing Renters

(www.bloomberg.com)
258 points JumpCrisscross | 1 comments | 13 Nov 24 21:38 UTC | HN request time: 0.001s | source
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billybones ◴[14 Nov 24 00:37 UTC] No.42131869[source]▶
Sadly, this looks pretty toothless. The fine for noncompliance is $2k.

Given the average price for an NYC apartment at north of $3k, the cost to a landlord of complying with the law even once looks significantly higher than the cost of the paying the fine.

replies(2): >>42132008 #>>42132206 #
1. heroprotagonist ◴[14 Nov 24 00:59 UTC] No.42132008[source]▶
Except, the first prospective renter can report you, and the second, and the third, and the fourth... all before you get an actual renter.

And more likely, the vehicles these brokers depend on like Zillow, etc, will end up bearing the burden of enforcement more than individual renters reporting to agencies.