Rialto comes for the King of Retail, South Florida developers brace for tariffs, Patrick Carroll avoids prosecution and more national news from this week
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The past few weeks have brought a fresh wave of drama in what’s shaping up to be a regulatory reckoning — with pressure coming from all sides.
New York City’s long-debated Fairness in Apartment Rental Expenses Act (FARE Act) is inching toward implementation. It’s a huge shift: starting this summer, landlords — not tenants — will be responsible for footing the bill for a broker hired to represent them. Naturally, not everyone is thrilled.
To enforce the change, the Department of Consumer and Worker Protection has proposed penalties of up to $2,000 per violation for brokers and landlords who don’t comply. It also wants to require clear disclosure of all listing fees — a seemingly simple move that could disrupt long-standing practices. REBNY is already challenging the city’s authority in court, framing the law as a free speech violation…