FARE Act generates thousands of complaints, tenant refunds in first year

A year after New York City’s broker fee overhaul took effect, the law has generated a steady stream of complaints, enforcement actions and tenant reimbursements, offering a glimpse into how the rental market is adapting to one of the city’s most consequential housing reforms in decades. The Department of Consumer and Worker Protection received more than 2,000 complaints and inquiries tied to the Fairness in Apartment Rental Expenses Act since the law went into effect last June, according to the City Reporter. The agency issued 74 summonses alleging 100 violations and secured roughly 27,000 in penalties, while administrative hearings have []This article originally appeared on The Real Deal. Click here to read the full story.