Latest news with #brokerfees
Bloomberg
9 hours ago
- Business
- Bloomberg
New York's Real Estate Industry Appeals Broker-Fee Case Decision
Real estate groups are challenging a ruling by a federal judge that allowed New York City to begin enforcing a new law requiring landlords, rather than their tenants, to pay fees for hiring listing brokers. US District Judge Ronnie Abrams on Tuesday denied a request by the Real Estate Board of New York, the New York State Association of Realtors and others to pause the law while their lawsuit proceeds. The ruling was another setback for the industry's legal fight against the measure, which went into effect Wednesday.
Bloomberg
3 days ago
- Business
- Bloomberg
Judge Refuses to Block NYC Broker-Fee Law Set to Start June 11
By and Jennifer Epstein Save A federal judge refused to block a New York City law that would require landlords — rather than their tenants — to pay fees for hiring listing brokers, handing the real estate industry another setback in its legal fight to prevent enforcement before the measure goes into effect June 11. The case is Real Estate Board of New York v City of New York, 24-cv-9678, US District Court, Southern District of New York (Manhattan).
