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Stock impact report

Law banning renters from paying broker's fee in Massachusetts goes into effect as renters celebrate [CBS News]

CoStar Group, Inc. (CSGP) 
Last costar group, inc. earnings: 4/28 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: costargroup.com/investors/stock-info
Company Research Source: CBS News
"It just makes everything more affordable," said Addison Fletcher, a Northeastern University student who rents an apartment in Mission Hill. "Northeastern's already unnecessarily expensive as it is, and the housing around here is all inflated because of the proximity to campus," he added. Elizabeth Scholl echoed that sentiment, saying, "I think it's great, but I am kind of disappointed that it happened after we signed our lease for our fall apartment." "A great help" for renters Although Tory Bullock paid a broker's fee when he moved into his Mission Hill apartment nine years ago, he told WBZ-TV he sees the value in the change. "Boston is extremely expensive—we all know that," he said. "Any help we can get to lighten that load is a great help." According to Apartments.com , the average rent in Boston is $3,536 per month. When renting an apartment, tenants typically have to pay first and last month's rent, a security deposit, and a broker's fee. "A broker's fee is the comp Show less Read more
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