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Recently the New York City Council passed a law that would end the forced payment of broker’s commissions by tenants and put the burden on the landlord. But this victory for the tenants might ultimately backfire in the form of the higher rent that landlords will now pass along.
By Rosalind ResnickRecently the New York City Council passed a law that would end the forced payment of broker’s commissions by tenants and put the burden on the landlord. But this victory for the tenants might ultimately backfire in the form of the higher rent that landlords will now pass along.