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.
June 23, 2025 - 23:14
Katherine Cruz Elevated to Engineering Manager at Hancock AssociatesDanvers, MA—Hancock Associates has announced the promotion of Katherine Cruz, P.E., LEED AP, to the position of Engineering Manager. Known affectionately as `Katie` among her colleagues, Cruz has...
June 23, 2025 - 11:48
Will the US-Iran War Trigger an Economic Crisis in America?As tensions escalate between the United States and Iran, concerns are mounting about the potential repercussions on the American economy. Analysts warn that a prolonged conflict could lead to...
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This Week's Most Sought-After Brooklyn Properties: A Focus on Ditmas ParkIn the latest round-up of popular Brooklyn listings, attention has shifted to an array of charming properties, including a notable Colonial Revival home in Ditmas Park. These listings showcase the...
June 22, 2025 - 03:50
The Celebrity Influence: Montecito's Real Estate BoomIn recent months, the serene community of Montecito has experienced a dramatic surge in real estate activity, fueled by a blend of celebrity allure and rising buyer anxiety. Nestled in the...