Action Center

Take Action and Urge NYC Council Members to Oppose Bill That Will Impact Broker Fees
REALTORS® Take Action!

Send a message to your New York City Council Member now, and voice your opposition to a proposed cap on fees collected from residential rental real estate transactions.

City Council Member Keith Powers of Manhattan has introduced legislation (Int. No. 1423-A) that would limit fees collected from tenants for residential rental real estate transactions to the value of one month’s rent, where the individual collecting the fee is an agent of the property owner. NYSAR strongly opposes this legislation. The proposal would unjustly target REALTORS®, establish a dangerous precedent regarding private real estate transactions and hurt prospective tenants without making rental housing more affordable in New York City.

Take action to protect your business by urging your New York City Council Member to oppose this legislation!

REALTORS® work extremely hard to serve their clients in New York City and across the State. According to a 2017 report by the National Association of REALTORS®, the median gross income of a REALTOR® in New York State was $30,000 in 2016. Only 18 percent of REALTORS® in New York State earned more than $100,000 annually. Limiting the fees that licensees can collect would punish hard-working REALTORS working and living in New York City.
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