FARE Act 2025 Is Here What NYC Renters and Landlords Must Know About the New Broker Fee Law

If you’re renting in New York City or listing your property, there’s a major change you need to know. As of June 11, 2025, the Fairness in Apartment Rental Expenses (FARE) Act is officially in effect—reshaping how broker commissions are handled across all five boroughs.

Here’s a quick, no-fluff breakdown of what it means—and how I can help you navigate it.    

🚫 What Changed Under the FARE Act?

The FARE Act makes it illegal for tenants to be charged a broker fee if that broker was hired by the landlord.

Here’s what that means in plain terms:

• If a landlord hires a broker to rent their apartment, that landlord must pay the broker—not the tenant.

• If a tenant hires a broker to help find an apartment, that tenant is still responsible for paying the fee.

• All rental listings must now include a clear breakdown of fees and who is responsible for each one—before a lease is signed.

This law applies to all rental transactions in NYC that begin on or after June 11, 2025. 

📉 Why This Law Matters to You

🔑 For Renters:

• Say goodbye to surprise $4,000–$6,000 broker fees when you didn’t hire the broker.

• You’ll know all costs upfront—no more games or guesswork.

• You can file a complaint (and possibly receive compensation) if you're improperly charged.

📈 For Landlords:

• Broker costs are now part of your marketing and leasing strategy.

• This may affect how you structure rent or incentives to attract tenants.

• Failing to follow the law could result in fines ranging from $500 to $2,000 per violation.  

🛡️ How I’m Helping Clients Under the New Law

As a licensed, experienced NYC real estate agent, I’ve already adjusted my business to stay 100% FARE Act compliant—while still delivering results.

Here’s what I offer:

✔️ Transparent Listings: I clearly disclose all fees—who pays what—so renters and landlords are never misled.
✔️ Strategic Guidance: I advise landlords on how to structure fees legally without scaring off tenants.
✔️ Tenant Advocacy: If you're a renter, I can help you understand your rights and avoid illegal charges.
✔️ Stress-Free Leasing: Whether you're a landlord or a tenant, I handle everything by the book, professionally and efficiently.

💡 My Advice Moving Forward

• Landlords: Plan for the new cost structure early. I’ll help you market smarter, stay compliant, and attract quality tenants faster.

• Renters: If you're hiring a broker, make sure it's your broker. If not, you shouldn’t be paying them a dime! 

👋 Let's Talk—No Pressure, Just Solutions

The rental process just got a little more complex—but it doesn’t have to be confusing. If you’re unsure how the FARE Act impacts your situation, I’m here to walk you through it, one step at a time.

📲 Contact me today to schedule a no-obligation consultation or to request a compliant rental strategy tailored to your property or apartment search.

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