Episode 21: Leonard Steinberg on Proposed Rental Broker Fee Ban & His Trip to The New York Supreme Court in Albany County

Episode 21: Leonard Steinberg on Proposed Rental Broker Fee Ban & His Trip to The New York Supreme Court in Albany County

In this episode, we have our Chief Evangelist of Compass join in on my show to discuss the State Legislature's proposed new law of banning tenants from paying the broker fee for rental properties in NYC. He is a proponent of the brokerage community and an influential voice in our field. Here are his takeaways about his day written from his daily contemplations:

1. You have to show up. Whining and complaining about politics is useless. Sometimes you must roll up your sleeves and get involved and make an effort. Take the time needed to get involved and have an impact. 2. The squeaky wheel gets the grease: without fail, every politician said they listen and hear the loudest, most consistent voices most. 3. You have to be looking out for the greater good. Yes, some special-interest lobbyists succeed to cater to their own hyper-localized issues, but politicians care most about pleasing the majority of voters. 4. Rehearse your message and be CLEAR about what you want, and ASK how the politicians plan to address your concerns. 5. Make your concerns public. A letter is easily filed or thrown away. As is an e-mail. A TWEET or social media post tagging specific politicians is PUBLIC. You cannot ignore that as easily. 6. Numbers count. A handful of people's voices matter. Several hundred or thousand voices will get REAL attention. And action. 7. Politicians are BRILLIANT at making you feel like you've been heard, that they REALLY CARE. Don't rely on words and promises. 8. Don't rely on 'others' to speak on your behalf. Most times they have other interests at heart. 9. Politicians listen closest to their constituents. They want to succeed and be re-elected. 10. We hired a lobbyist. I abhorred lobbyists until yesterday: without this lobbyist, we would never have been able to as effectively identify whom to meet with and how. This lobbyist acted like a great agent and we all know how important a good agent is!

As a result, the New York State Justice Mackey temporarily blocked the state’s week-old ruling that had effectively barred tenants from having to pay a broker fee, issuing at least a short-term reprieve to an industry scrambling to respond The decision was expected to stay in place until at least March 13, when Justice Mackey has asked the Department of State to respond in court. However, this restraining order does not necessarily foreshadow that the broker fee ruling will be blocked for good.

If you're interested in real estate news & politics, this is certainly an episode for you! Thank you for subscribing & listening!

Avsnitt(134)

Episode 134: Gabe Phillips, Founder & CEO of Catalyst Power

Episode 134: Gabe Phillips, Founder & CEO of Catalyst Power

I’m excited to bring Gabe Phillips onto The Real Takk Podcast. Gabe is the founder and CEO of Catalyst Power, a New York-based integrated energy company that’s helping mid-market commercial and indust...

27 Mars 1h 8min

Episode 133: Ann Korchak, Board President of SPONY, the Small Property Owners of New York

Episode 133: Ann Korchak, Board President of SPONY, the Small Property Owners of New York

I am thrilled to have Ann Korchak, the Board President of the Small Property Owners of New York, or SPONY. What exactly is SPONY? They are a non-profit, all-volunteer advocacy and education organizati...

6 Mars 1h 26min

Episode 132: 2026 First Solo Pod on Rezoning & Real Estate Players in the Epstein Files

Episode 132: 2026 First Solo Pod on Rezoning & Real Estate Players in the Epstein Files

In this solo episode of The Real Takk Podcast, I unpack the complexities of NYC rezoning and spotlight the Midtown South Mixed-Use Plan, approved in August 2025. After decades of outdated zoning, it f...

20 Feb 34min

Episode 131: Year-End Wrap-Up & Prediction Pod with Frank Giordano of Charney Co.

Episode 131: Year-End Wrap-Up & Prediction Pod with Frank Giordano of Charney Co.

Ladies and gentlemen, welcome back to The Real Takk Podcast, where we dive deep into the high-stakes world of NYC real estate, the stories behind the deals, and the lives of the power players making i...

19 Dec 202553min

Episode 130: Esther Patten of Compass NYC, The End of Year Wrap up Pod & 2026 Real Estate Prediction Podcast

Episode 130: Esther Patten of Compass NYC, The End of Year Wrap up Pod & 2026 Real Estate Prediction Podcast

Ladies and gentlemen, welcome back to The Real Takk Podcast, where we dive deep into the high-stakes world of NYC real estate, the stories behind the deals, and the lives of the power players making i...

12 Dec 202554min

Episode 129:  Elkin Serna of Compass NYC, The End of Year Wrap up Pod & 2026 Real Estate Prediction Podcast

Episode 129:  Elkin Serna of Compass NYC, The End of Year Wrap up Pod & 2026 Real Estate Prediction Podcast

We're back with an annual tradition of wrapping up the good & the bad of real estate in 2025, and the prediction pod of 2026.  I am here with my good friend Elkin Serna,  Elkin is voted the “Best Real...

5 Dec 202559min

Episode 128:  Rachel Hausman Masse of Compass Boise, Idaho, The 5 Mile Lifestyle & 3rd Generation Real Estate Power Agent

Episode 128: Rachel Hausman Masse of Compass Boise, Idaho, The 5 Mile Lifestyle & 3rd Generation Real Estate Power Agent

I’m absolutely thrilled to introduce a powerhouse who's not just reshaping the Boise, Idaho market but inspiring a whole generation of agents with her blend of grit, heart, and unyielding expertise.  ...

14 Nov 20251h 17min

Episode 127: Chris Okada of Okada & Co. NYC Commercial Real Estate 2025, Mamdani, & Growing Your Team & Business

Episode 127: Chris Okada of Okada & Co. NYC Commercial Real Estate 2025, Mamdani, & Growing Your Team & Business

Very excited to bring back Chris Okada of Okada & Co., this time in person, since he last joined us back during the depths of COVID back in the summer of 2020.   Chris is the founder & owner of Okada ...

17 Okt 20251h 21min

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