We delve into this last minute, an unexpected addendum to the rental law regulation issued by the Department of State this week, where they reversed the tenant-pays-broker-fee system that’s been the norm in rental transactions in New York City.
The guidance is based on the DOS’ interpretation of the rent law passed last June, and notes that agents working for landlords will be penalized if tenants pay their broker fees.
One of the lawmakers who sponsored the rent law, State Sen. Julia Salazar, said in a statement that “our intent is to eliminate barriers that currently prevent low-income and vulnerable people from obtaining housing.”
My cohost Danielle Stout & I discuss the impacts of this in today's market, and we are also joined by our guest speaker Justin Rubinstein of Compass.
Episode 65: NYC Rental Market 101 with Compass Leasing Director Julia Segal
Episode 64: General Contracting in NYC 101 with Phil Garcia from O & L Expert Contracting
Episode 63: How to Leverage Credit Card Benefits with Your Business & Life!
Episode 62: Adam Piore, Author of ”The Kings of New York” Published by The Real Deal
Episode 61: Kael Goodman,Co-Founder & CEO of Marketproof New Dev & Condo
Episode 60: Sean Soderstrom & Dan Breitbach, CEO & Founder of Courted.IO
Episode 59: End of the Year & Happy New Year Pod! The 2021 Awards, from Real Estate Winners, Losers, Surprises & Trends
Episode 58: Nick Svensson of Montecito Santa Barbara,
Episode 57: Guy Oberg, Founding Agent & Real Estate Pro in Austin Texas
Episode 56: Frank Suriano, Broker with Compass NYC. You Are What You Make Of It!
Episode 55: Daisy Dolan, The Director of Strategic Growth at Compass
Episode 54: David Snider with Harness Wealth, & Ex-COO / CFO of Compass. How Money is Raised, Securing a Lead Investor, On Softbank, Securing Your Financial Future After Liquidity Event
Episode 53: The Power of Networking: Your Network is Your Net Worth @ Compass Feat. Gordon Golub & Levi Meyer
Episode 52: James Nelson, Over $6B in Sales, Discusses State of the 2020-2021 NYC Commercial Market & Where Future Opportunities May Lay
Episode 51: David Graff, Compass Commercial NYC. The Ins & Outs of The Graff Team NYC Commercial Deals
Episode 50: Andrew Jorges, Esq, Starting Up Own Shop in NYC, Coop Disclosure Laws, Rental Laws & Being a Landlord
Episode 49: Hamptons Real Estate James Petrie of the Petrie Team
Episode 48: Compass Opening in Vail CO Feat. Founder Tom Dunn. Big Deals Living the Big Mountain Life!
Episode 47: Compass IPO Story, Problems with the NYC Rental Market, WSJ Article on NYC Co-Op Boards Explaining Why They Deny Buyers
Episode 46: Jared Kleinstein of Streeteasy 1.0, How It All Started, The Beginnings, Up to The Acquisition
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