Massachusetts Governor Proposes End to Renter Broker Fees
Massachusetts Governor Proposes End to Renter Broker Fees

Massachusetts Governor Proposes End to Renter Broker Fees

News summary

Massachusetts Governor Maura Healey has proposed eliminating renter-paid broker fees in her Fiscal Year 2026 budget, a move aimed at making housing more affordable for residents. Currently, broker fees, which can equal a full month's rent, are typically paid by tenants, adding significant upfront costs when renting. Healey argues that this places an unfair financial burden on renters who do not hire brokers themselves, and her proposal would shift the responsibility to the party that hires the broker, usually landlords. The initiative has gained traction, having previously passed the Senate, but faced challenges in the House. If implemented, the change could save renters thousands of dollars and enhance their financial flexibility, potentially improving retention rates in the state. The proposal is part of a broader conversation about housing affordability in Massachusetts, where approximately 65% of Boston residents rent their homes.

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