The share of no-fee rental listings in New York City is rising, with 75 to 85 percent of all listings in Manhattan and Brooklyn eschewing broker’s fees during the month of August. But as the law is being challenged in court, that money is still coming out of renters’ pockets. As a result, landlords are resorting to marketing their units directly, without fees, or cutting their own deals with brokers to cover the fees. How much could this save you in the real world of Manhattan real estate? For a median-priced one-bedroom Manhattan rental ($3,350 a month in July, according to the Elliman Report), the standard fee would come to $6,030.

Source: New York Times September 03, 2020 13:30 UTC