December 17, 2024 - 05:52
The Real Estate Board of New York has initiated legal action aimed at halting a recently enacted measure designed to transfer broker fees from tenants to landlords. This new regulation, which seeks to alleviate the financial burden on renters, has sparked significant controversy within the real estate community.
The board argues that the measure could have detrimental effects on the rental market, claiming it may lead to increased costs for landlords, who might then pass these expenses onto tenants in other forms. They contend that the regulations could disrupt the balance of the real estate industry and create unintended consequences that would ultimately harm both landlords and renters.
Supporters of the measure, however, maintain that it is a necessary step towards making housing more affordable in New York City. They argue that shifting broker fees to landlords will provide much-needed relief to tenants who are already facing high rental costs. As the lawsuit unfolds, the outcome could have significant implications for the future of rental practices in the city.
July 30, 2025 - 09:45
Real Estate Transactions in Lucas County: July 18-24, 2025In the week spanning July 18 to July 24, 2025, several notable real estate transactions took place in Lucas County, highlighting the ongoing activity in the local property market. One significant...
July 29, 2025 - 22:02
Record-Breaking Sale: Dr. Nicole Martin's Waterfront Mansion Sold for $40 MillionIn a stunning real estate transaction, Dr. Nicole Martin`s luxurious waterfront mansion in Coral Gables has been sold for an astounding $40 million. This sale marks a new record for the area,...
July 29, 2025 - 02:07
Positive Changes on the Horizon for Real Estate AppraisersIn a significant shift for the real estate appraisal industry, professionals who have long faced challenges and abuse are beginning to see a glimmer of hope for improvement. The landscape for...
July 28, 2025 - 08:18
Groundbreaking Ceremony for New 312-Unit Residential Development in Lexington, MALEXINGTON, Mass.— A significant milestone has been reached as construction has officially commenced on a new residential project featuring 312 mixed-income units at 17 Hartwell Avenue. This...