Brokers Can Still Collect Fees from Landlords
Real Estate In-Depth | March 27, 2020
NEW YORK—Landlord agents can continue to collect commissions or brokerage fees from landlords at least until June 12.
The New York Attorney General Letitia James requested, and was granted, an extension of the temporary restraining order that the New York State Association of Realtors, the Real Estate Board of New York and others filed in response to the guidance from the Department of State that prohibited landlord’s agent from collecting a broker fee/commission.
With the extension granted, landlord’s agents are permitted to continue collecting commissions from a tenant until at least June 12 when the next court session is scheduled.