REBNY sues the City of New York to stop FARE Act enforcement

Three days after New York City’s Fairness in Apartment Rental Expenses (FARE) Act became law without the signature of Mayor Eric Adams, the Real Estate Board of New York (REBNY) has filed a lawsuit to stop the bill’s enforcement in June 2025. The New Y… Continue reading

CoStar takes aim at Zillow in NYC with launch of Citysnap portal

Homesnap’s new portal will launch across NYC in 2022. It’s the latest development in a simmering search portal war between CoStar and Zillow. Continue reading

Compass sues REBNY, alleges conspiracy with other brokerages

Compass says the New York organization has worked with Douglas Elliman and the Corcoran Group to “thwart competitors” and “smother” competition. Continue reading

Broker confidence in New York City plummets to record low

The ongoing coronavirus pandemic has left brokers more pessimistic than ever about the present, though they are more upbeat about the future. Continue reading

Home showings allowed to resume in New York: Gov. Andrew Cuomo

Cuomo announced home showings would be allowed to resume, but the announcement has yet to be backed up with guidelines from the Empire State Development Corporation. Continue reading

Brokerages, REBNY to sue New York state over brokers’ fee adjustment

The trade association confirmed it plans to file a lawsuit on Feb. 10 over new guidance that would have landlords in New York City pay brokers’ fees. Continue reading