What is a broker fee in NYC and do I have to pay it?

Question

Accepted Answer

A broker fee is a commission paid to a real estate broker for helping you find an apartment. Historically, NYC renters paid broker fees of up to 15% of annual rent — one of the highest in the world.

Current rules in 2026: Following ongoing legal battles over the FARE Act (Fairness in Apartment Rentals Act), broker fees in NYC have been subject to significant changes. The core principle now is that the party who hires the broker pays the fee.

If the landlord listed the apartment with a broker, the landlord pays the broker fee
If you hired a broker to find you an apartment, you pay the fee
Always ask upfront: "Who hired the broker and who is responsible for the fee?"

Tip: Many apartments listed on direct platforms have no broker fee. Always check before viewing.