NYC Council to Debate Landmark Broker Fee Legislation

The FARE Act aims to shift broker fee payments from tenants to landlords, sparking a heated debate on its potential impact.

The proposed FARE Act mandates that the party hiring a broker pays the fee, typically landlords.
Supporters argue it will reduce upfront costs for tenants, making housing more affordable.
Opponents claim landlords will pass the costs to tenants through higher rents, worsening affordability.
The bill has significant backing from labor unions and 31 City Council members.
A key hearing and rallies from both supporters and opponents are scheduled at City Hall.