Why Agent Education Matters in a Rapidly Changing Industry
Over the last 18 months, the rules of residential real estate have changed dramatically for Massachusetts agents. Brokerages and agents must invest in training – now.
Over the last 18 months, the rules of residential real estate have changed dramatically for Massachusetts agents. Brokerages and agents must invest in training – now.
A last-minute lobbying campaign by a faction in the real estate industry to delay the law failed to gain traction with legislators.
The Small Property Owners Association pulled together a mix of landlords, brokers and real estate agents outside the State House to protest the state’s new ban on tenant-paid apartment broker fees.
Landlords will have options to offset the cost, but compliance will be crucial as failure to follow the rules could be costly, experts say.
“If you’ve moved apartments recently, you’ve probably paid four months rent up front – first month, last month, security deposit and a broker’s fee for a broker you didn’t even hire,” the governor said.
A surprisingly fast state budget deal reached over the weekend includes a provision that’s aimed at banning tenant-paid apartment broker fees.
Gov. Maura Healey has put political capital behind eliminating apartment broker fees, but state legislators have backed two wildly different ways to make that happen.
Gov. Maura Healey is starting to roll out some specifics from her forthcoming fiscal year 2026 budget, announcing Monday that it will include a provision to do away with renter-paid broker’s fees.
“I think they should be abolished. I think they should go away,” the governor said. “I totally support that, and support taking action to make that happen.”
Boston officials plan to investigate how broker’s fees impact the city’s hundreds of thousands of renters, raising the possibility of a New York City-style ban on them and thorny questions about how to make the city’s housing market fairer.