East Village,Manhattan.
NEW YORK CITY- The New York Department of State hasissued new guidance that will end tenant-paid rental commissionsfor landlords who retain a real estate agent. It has caused anuproar from the local real estate industry, who'll look to pursuelegal action and say the legislation will hurt tenants more thanhelp them.
The guidance was dated on Jan.31 and is the first interpretation of the Housing Tenant andProtection Act of 2019 passed last June, which is intended toprotect tenants.
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Mariah Brown
Mariah Brown is the New York Bureau Chief and Real Estate Reporter for GlobeSt.com, covering the New York Metro area, Northeast region and national real estate trends. She is responsible for producing multi-media content, including articles, podcasts and video. Before joining the GlobeSt team, she served as a New York Times fellow, reported for the Associated Press in New York and Philadelphia and several other New York City-based outlets.
