How Long Will FARE Act Savings Last?

Is this change permanent or temporary?

The law includes strong enforcement mechanisms with civil penalties and private lawsuits. Violations have real financial consequences.

Nearly half of NYC apartments are rent-stabilized, making most workarounds legally impossible.

What does history tell us about similar laws?

NYC was one of the last cities in the country where passing broker fees to renters was still allowed. Other major cities proved this model works long-term.

Cities like San Francisco and Boston have had landlord-paid broker fee systems for years without major market disruptions.

Will rents just keep rising to compensate?

Some rent increases are happening, but transparency requirements make it harder for landlords to hide total housing costs.

Increased renter mobility should actually put downward pressure on rents over time through competition.

The law's transparency provisions benefit renters beyond just broker fees by making all costs clear upfront.