Can new players infiltrate NYC’s rental industry post-FARE Act?

Since New York City’s broker fee ban took effect earlier this summer, we’ve been keeping a pulse on the fallout.  Among the initial consequences were an immediate decline in listings available on StreetEasy, a drop in the number of rentals recorded on the residential listing service and a rise in rent prices as landlords tried to offset the cost of commissions they previously passed on to tenants. As in other times of uncertainty, newcomers have emerged to capitalize on the shakeup. In the weeks since the law’s implementation, reporters at The Real Deal have been pitched on discount brokerages catering […]This article originally appeared on The Real Deal. Click here to read the full story.