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Brokerages on rental application fee cap: “It hurts”

Posted On: Oct 16, 2019   |   Posted By: The Real Deal New York

Since lawmakers clarified last month that agents and brokerages can only charge up to $20 for the preparation of rental applications, the pain has been felt acutely by some. The cap, which was part of the rent law passed in June and applies to brokerages and agents representing landlords, claimed its first victim last week when Nooklyn founder and CEO Harley Courts stepped down amid backlash over the firm's slashing of commissions and delaying of

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