Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 5 years ago on . Most recent reply

User Stats

28
Posts
0
Votes
Darrick Lowe
  • Brooklyn, Ny
0
Votes |
28
Posts

Who pays broker's fee in NYC? Landlord or Tenant

Darrick Lowe
  • Brooklyn, Ny
Posted

Historically, tenant's always paid broker's fee. 

In Feb 2020, however, this practice was banned, and landlords needed to pay. 

In Mar 2020, this ruling was blocked, and pushed court date to Jun. The court case pushed again to Sept. 

Therefore, if I (the landlord) exclusively list my property with an agent, and a tenant signs a lease, is the tenant responsible for paying my broker? What if my tenant has their own broker, do both brokers split the fee?
 

Thanks!

https://ny.curbed.com/2020/2/1...

Loading replies...