By adamg on Thu, 02/06/2020 - 10:37pm
With New York State banning real-estate brokers from charging fees to renters, Mayor Marty Walsh said today he's forming a group to look at apartment broker fees in Boston.
In a statement, Walsh said:
The housing crisis in our city requires a comprehensive, and multi-pronged approach to achieve our goal of creating and preserving new housing, while also ensuring that our housing is accessible to all residents. I am proud to pull together this working group to move us forward in determining how broker fees are impacting our renters and our housing market in Boston. This is another tool we are putting forward to tackle the underlying challenges of housing affordability in Boston.
Walsh said he will name members of the group by the end of this month and that he will "include a wide range of stakeholders."
Currently, it is legal for brokers to charge a fee for finding an apartment for somebody - who might then also have to pay the property owner first month's rent, last month's rent and a security deposit equal to one month's rent.