Collecting a broker fee/commission

FROM NYSAR

Dear NYSAR Members, The office of New York Attorney General Letitia James requested, and was granted, an extension of the temporary restraining order that NYSAR, REBNY and others filed in response to the guidance from the Department of State stating that a landlord’s agent was prohibited 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 two sides are scheduled to meet in court. For updates, please check the NYSAR website. NYSAR will advise its members of any developments moving forward. Questions may be directed to NYSAR’s Legal Hotline, which is available Monday-Friday from 9:00am-4:00pm excluding holidays at 518-436-9727.