Name: Broker-fee ban could create "huge black market” | TRD News
Uploaded: 2025-04-24T15:40:16Z
Description: No FARE? NYC’s #FAREAct aims to rid renters of exorbitant broker’s fees — but can Chi Ossé's legislation really do that? Some fear the law could push more listings off the market, creating new headaches for apartment hunters. REBNY thinks the FARE Act is unfair, suing to block the broker-fee bill.

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No FARE? NYC’s #FAREAct aims to rid renters of exorbitant broker’s fees — but can Chi Ossé's legislation really do that? Some fear the law could push more listings off the market, creating new headaches for apartment hunters. REBNY thinks the FARE Act is unfair, suing to block the broker-fee bill.

Broker-fee ban could create "huge black market” | TRD News

Currently valued at $3.25B, Bilt is disrupting traditional rentals by allowing its members to pay their rent while earning rewards. But as the fintech company’s high-profile partnership with Wells Fargo faces headwinds, the future of this payment option — and its impact on housing, credit, and homeownership — may have further hills to climb. Founder and CEO Ankur Jain joins TRD to discuss the company’s business model, the challenges of scaling in the financial sector, and what’s next for rent rewards.

Don't miss this keynote with Bilt Rewards' Ankur Jain — May 7th at our NYC TRD Forum!

As Christie's International Real Estate Group expands its tri-state footprint, more agents are turning to the brokerage to grow their business. We spoke with Melissa True about her leadership of the Flatiron office: https://therealdeal.com/sponsored/christies-international-re/inside-christies-international-real-estate-group-with-melissa-true-supporting-agents-driving-growth/?utm_source=linkedin&amp;utm_medium=social&amp;utm_campaign=christies&amp;tpcc=tbs-campaign

Agents find their new home at the Flatiron office | Brand Studio

It’s new. It’s big. It’s gorgeous. It’s really expensive. It’s selling unusually fast. 

What makes an '"It" building sell? | TRD News

Will billionaire developer Rick Caruso make a political comeback and rescue Los Angeles real estate? As Mayor Karen Bass faces backlash over Measure ULA and recovery from the devastating Palisades and Eaton fires, Caruso's Steadfast LA foundation is charging forward with public-private rebuilding efforts. With the real estate industry rallying behind him, could Caruso be poised for a second shot at LA's top job?

Will developer Rick Caruso get LA back on track?

In this month's edition of The Real Deal, we profiled top developer Steve Witkoff and the country's biggest "it" buildings. Here, dive into the battle between mom-and-pop landlords and servicer Rialto Capital Advisors, find out why South Florida's "middle child" Broward County is the next major hotspot for real estate developments, and hear about the real-world effects of financial crimes from the reporters who wrote the stories. 

Inside TRD's  April 2025 magazine: Rialto vs. Signature borrowers, Broward's investment boom & more

Life Time health clubs are at their highest retention rates in company history. CEO Bahram Akradi explains to TRD's Amir Korangy how getting rid of the company’s entire sales engine, as well as all advertising, helped Life Time outshine other operators.

Why Life Time CEO nixed the company's entire sales team | Coffee Talk

Zillow is cracking down on private listings, announcing a ban on its platform as major resi brokerage players unveil their own private listing platforms. Real estate reactions have been mixed. Watch to catch up on what's going on.

Turning up the heat on the  private listing cold war

As regulations tighten around agents, buyers need to be convinced that “doing it yourself” can lead to trouble. Learn how StreetEasy and Brown Harris Stevens are spotlighting the crucial role that buyer’s agents play in every NYC transaction: https://therealdeal.com/sponsored/streeteasy/streeteasy-taps-brown-harris-stevens-agents-for-dont-diy-the-buy-campaign/?utm_source=linkedin&amp;utm_medium=social&amp;utm_campaign=streeteasy&amp;tpcc=tbs-campaign

Conveying Your Value as a Buyer’s Agent | Brand Studio

NYC agents navigating a new regulatory environment need all the help they can get. At the #linkinbio, BHS Agents Nora Ariffin and Christopher Kromer talk about the new normal in NYC and how StreetEasy is supporting buyer’s agents during this transitional period: https://therealdeal.com/sponsored/streeteasy/streeteasy-taps-brown-harris-stevens-agents-for-dont-diy-the-buy-campaign/?utm_source=linkedin&amp;utm_medium=social&amp;utm_campaign=streeteasy&amp;tpcc=tbs-campaign

Thriving in a Changing Marketplace | Brand Studio

In NYC, a buyer’s agent isn’t just a hired hand; they’re a partner during one of the most important transactions in a person’s life. Learn how the StreetEasy team is helping NYC agents put their best foot forward during a time of regulatory transition with the “Never DIY The Buy” initiative.

How StreetEasy Champions NYC Buyer’s Agents | Brand Studio

Developer Steve Witkoff has emerged as an unlikely fixer as global envoy for longtime friend Donald Trump. Hear from Witkoff himself when he joins son Alex Witkoff on stage at our NYC #TRDForum on May 7th!

Steven and Alex Witkoff to join TRD live on stage at our NYC Forum!

Since the 1960s, 25 Water Street has housed offices for companies like JPMorgan Chase and the New York Daily News. Now, it'll house renters as one of the largest office-to-residential conversions in the country.

Inside the largest office to resi conversion in the country, 25 Water Street

David Werner, the press-shy real estate investor known as NYC's king of quick flips, has been on an office shopping spree as of late. Watch as we break down his recent deals.

NYC flip king David Werner's buying spree

Even as revenue dropped to zero during the pandemic, Life Time CEO Bahram Akradi kept the "athletic country club" concept growing. Life Time now employs 44,000 people and has become a lifeline for developers looking for anchor tenants. Akradi explains why he nixed his sales staff and his approach to innovation and AI to TRD's Amir Korangy in the latest episode of Coffee Talk.

Life Time CEO Bahram Akradi on his athletic country clubs, nixxing sales staff & more | Coffee Talk

What car enthusiast wouldn't want a luxury condo next to a private race track? Join us to explore The Motor Enclave in Tampa, FL, where Gaggenau appliances and exotic cars collide: https://therealdeal.com/sponsored/bsh/gaggenau-upstairs-lambo-downstairs-meet-the-luxury-car-condos-at-the-motor-enclave/?utm_source=linkedin&amp;utm_medium=social&amp;utm_campaign=bsh&amp;tpcc=tbs-campaign

Lambo Downstairs, Gaggenau Upstairs: Meet the Luxury Car Condos at The Motor Enclave | Brand Studio

In a matter of two decades, Sam Nazarian went from Los Angeles nightclub king to luxury hotel mogul to ghost kitchen entrepreneur to wellness proselyte. Nazarian is the founder, chairman and CEO of SBE Entertainment Group, one of the most influential companies in the lifestyle hospitality space. After selling his stake in the hotel business in 2020 and following a years-long health journey that look him to luxury longevity retreats around the globe, Nazarian has pivoted into the luxury wellness arena, teaming with Tony Robbins and Marc Anthony on The Estate by SBE. 

SBE's hospitality king Sam Nazarian on his prolific portfolio, next business boom & more

Former HFZ Capital Group executive Nir Meir is out of jail after spending more than a year detained on Riker’s Island. Watch above to catch up on the embattled exec's legal saga.

Neir Meir is out of jail, released from Rikers Island on bail

Just a few years ago, real estate firms were pledging diversity, equity, and inclusion and adding new cultural initiatives. Now, many of them are scrubbing DEI from their reports entirely. 

Real estate reacts to Trump's anti–DEI push

A New York City real estate agent who built a sizable YouTube following with luxury home tours was charged with attempted murder after allegedly striking a police officer with his car. 