A new class-action lawsuit takes aim at real estate agents and their 6% fee

Re:A new class-action lawsuit takes aim at real estate agent... by airstrike on Tuesday March 19, 2019 @07:46PM (#19437394)

Moved to NYC and paid a broker $8k+ for an apartment I had found by myself on streeteasy, and rent was around $3.5k... To this day my wife and I refer to her as "the parasite". She provided ZERO value other than showing me around the building, which any of the 20-person staff in the building could have done, and in any case certainly doesn't justify paying her more than TWO months' rent

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Re:A new class-action lawsuit takes aim at real estate agent... by freewilly1040 on Tuesday March 19, 2019 @11:10PM (#19438570)

I'm surprised there is not more progressive backlash against apartment brokers in NYC. Plain as day rent seekers disproportionally affecting people with low incomes. Who are their friends?

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Re:A new class-action lawsuit takes aim at real estate agent... by kevindong on Wednesday March 20, 2019 @12:14AM (#19438924)

There is actually movement to cap the broker's fee at one month's rent, cap the security deposit at one month's rent (and allow for paying the deposit over six months), and mandate the return of security deposits within two months of the lease ending.

https://www.brickunderground.com/rent/pros-cons-capping-brok...

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