Judge Halts Real Estate Commissions Ban For Now
A New York judge granted a temporary restraining order Monday afternoon, halting a Department of State guidance barring tenant-paid rental commissions from going into effect. The guidance, circulated Feb. 4, would have blocked tenants from paying rental commissions in cases where the landlord hired an agent to market the listing.
But amid heavy backlash from rental brokers who said their livelihoods were at stake, the industry filed an Article 78 petition this morning in Albany.
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