Are Landlords Raising Rents Because of the FARE Act?
By: Matthew Sedacca | Published: 2025-06-06 16:16:00 | Source: www.curbed.com
Landlords say they are raising rents or even parting with their brokers when the FARE Act, which requires them pay the fee for real estate agents they hire, goes into effect on Wednesday.
Photo: Alex Kent
The day has come — almost: Following a series of legislative and legal battles, protests outside City Hall, hurt feelings over the nature and basic value of one’s work, and months of waiting, the law banning the broker fee as we know it is set to go into effect. Come Wednesday, barring any last-minute developments, the Fairness in Apartment Rentals Act (the FARE Act) will require landlords to pay the brokers they hire…
