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Broker fee shakeup, sellers emboldened, & more

By Jennifer White Karp  |
November 17, 2023 - 3:30PM
Midtown Manhattan crosswalk


This week, readers wanted to wrap their brains around the impact of new rules for broker fees taking effect in January, which were announced just as the major anti-trust lawsuits started shaking up courtrooms around the U.S. and spawning copycat lawsuits over broker compensation.

If you’re buying or selling in the new year, you’re also going to want to read up on the new, split-fee structure and the increased emphasis on negotiability. Don’t assume that because you’re a buyer, you won’t have to a pay a broker fee. It’s a big change for sure.

Also of interest: The lack of listings on the market is making sellers feel bold. With less competition, asking prices are seeing new highs.

Here are this week's top five posts:

1) My brother’s friend has been squatting at my former apartment and won’t leave now that the lease is up. Am I liable?

2) Housing lottery offers 45 rent-stabilized apartments near Barclays Center

3) Sellers (and buyers!) should brace for a broker fee shakeup

4) NYC sellers raise asking prices to the highest level in six years

5) NYC rents slip again as listings for available apartments pile up


Jennifer White Karp

Managing Editor

Jennifer steers Brick Underground’s editorial coverage of New York City residential real estate and writes articles on market trends and strategies for buyers, sellers, and renters. Jennifer’s 15-year career in New York City real estate journalism includes stints as a writer and editor at The Real Deal and its spinoff publication, Luxury Listings NYC.

Brick Underground articles occasionally include the expertise of, or information about, advertising partners when relevant to the story. We will never promote an advertiser's product without making the relationship clear to our readers.