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Looking to rent in New York? Some brokers say you may need a six-figure income soon

After broker fee change for apartments takes effect, critics say landlords will raise rents to compensate

Brokers argue that multifamily property owners will pass on the costs of paying a broker to tenants in the form of increased rents. (CoStar)
Brokers argue that multifamily property owners will pass on the costs of paying a broker to tenants in the form of increased rents. (CoStar)

Can New York rents be even more expensive? That's what some brokers predict after the New York City Council voted to ban the practice of tenants paying apartment broker fees even when they didn't hire that professional to help them find a place to live.

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