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Brokerage slashes agent commissions, delays payments after rent law change

At 10:23 p.m. on September 17, agents at the startup brokerage Nooklyn got an unwelcome email from the firm’s tattooed co-founder Harley Courts. “APPLICATION FEE CHANGES!” the subject screamed — with a red siren emoji. “As of last Friday, the laws have changed and we can now only charge the cost of running a credit report to our renters,” Courts wrote, referring to a decision by the state about how the new rent law applies

The Real Deal New York

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