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258 points JumpCrisscross | 1 comments | | HN request time: 0s | source
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tdeck ◴[] No.42130733[source]
> real estate agents who exclusively represent the landlord’s interests wouldn’t be able to seek a fee from the person signing the lease.

I'm curious if this will be creatively interpreted so that the broker is mandatory but supposedly represents the interests of both LL and tenant, so the tenant has to pay anyway.

replies(2): >>42130839 #>>42130871 #
JumpCrisscross ◴[] No.42130871[source]
> curious if this will be creatively interpreted so that the broker is mandatory but supposedly represents the interests of both LL and tenant, so the tenant has to pay anyway

The problem with the old system was I was paying a guy who didn’t have any obligation to me. Dual obligations means the broker can at least be sued for a conflict of interest if they hide something or don’t do their job. It’s a step in the right direction.

replies(2): >>42131261 #>>42131666 #
tdeck ◴[] No.42131666[source]
I disagree. The problem is that this whole job doesn't need to exist and is parisitic. I've lived in multiple cities and never once dealt with a "broker" when renting an apartment or paid a broker fee, directly or indirectly. This system isn't normal, even in the US.
replies(1): >>42133004 #
1. orangecat ◴[] No.42133004[source]
Right. At a global level, the major benefit to this bill will be to eliminate most brokers' jobs and require them to instead do something that actually provides value to society.