Following Donald Trump’s re-election, New York City Democrats are expected to pass the FARE Act on November 13, a bill requiring landlords, rather than tenants, to cover rental broker fees. City Council members received copies of the bill just before Election Day, and its approval is seen as a response to Trump’s victory. Progressive leaders argue this policy addresses real economic concerns for renters, while moderate Democrats caution that shifting left could alienate key demographics. Critics, including the Real Estate Board of New York, argue landlords might offset the cost by raising rents, undermining benefits for tenants.
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