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  2. NYC considers ending broker fees for tenants, angering real ...

    www.aol.com/news/nyc-considers-ending-broker...

    The hefty one-time payments, known as broker fees, are ubiquitous in New York but nearly unheard of anywhere else. In most other cities, landlords cover the commission of agents working on their ...

  3. NYC considers ending broker fees for tenants, angering real ...

    lite.aol.com/news/story/0001/20240612/87479a72da...

    Such broker fees were previously banned in 2020 under a package of renter protection laws passed by the state. But they were quickly reinstated following a lawsuit led by the Real Estate Board of New York. Brokerage firms estimate that roughly half of the city’s apartments require a tenant-paid broker fee.

  4. NYC bans unusual practice of forcing tenants to pay real ...

    www.aol.com/nyc-bans-unusual-practice-forcing...

    The fees are steep, typically totaling as much as 15% of the annual rent, about $7,000 for the average-priced New York City apartment. NYC bans unusual practice of forcing tenants to pay real ...

  5. New York City ditches broker fees despite objections from ...

    www.aol.com/news/york-city-ditches-broker-fees...

    (The Center Square) — New York City landlords will be required to pay costly broker fees for tenants under a plan approved by the City Council that real estate groups argue will drive up rents ...

  6. NYC bans unusual practice of forcing tenants to pay real ...

    lite.aol.com/news/story/0001/20241113/f29cbc48fd...

    The fees are steep, typically totaling as much as 15% of the annual rent, about $7,000 for the average-priced New York City apartment. The legislation passed by the City Council aims to stop landlords from saddling tenants with those payments — at least as an up-front fee.

  7. Home buyers to be spared broker commissions up to 6% ... - AOL

    www.aol.com/news/home-buyers-spared-automatic...

    A landmark agreement would eliminate real estate brokers' automatic commissions of up to 6%, potentially saving home buyers and sellers thousands of dollars.

  8. Economy of New York City - Wikipedia

    en.wikipedia.org/wiki/Economy_of_New_York_City

    [23] [24] This ability to attract foreign investment helped New York City top the FDi Magazine American Cities of the Future ranking for 2013. [25] In 2017, there were 205,592 employer firms in New York City, of which 131,584 of these firms were shown to be owned by men, and 45,114 were shown to be owned by women.

  9. Internal Revenue Code section 212 - Wikipedia

    en.wikipedia.org/wiki/Internal_Revenue_Code...

    Internal Revenue Code § 212 (26 U.S.C. § 212) provides a deduction, for U.S. federal income tax purposes, for expenses incurred in investment activities. Taxpayers are allowed to deduct all the ordinary and necessary expenses paid or incurred during the taxable year-- (1) for the production or collection of income;