Massachusetts, particularly the Boston metro area, has long been notorious for its incredibly high upfront rental costs. Beyond first and last month's rent and a security deposit, renters have often been burdened with an additional, significant expense: the broker's fee. This fee, typically equivalent to one month's rent, has traditionally been paid by the tenant, even if they didn't directly hire the broker. However, Governor Maura Healey's administration is now taking significant steps to change this, aiming to alleviate the financial strain on renters across the Commonwealth
Governor Healey has committed to signing a provision in the Fiscal Year 2026 budget that will effectively ban renter-paid broker's fees. This new legislation will require the party who hires the broker—which is usually the landlord—to pay the fee. This move is part of a broader effort by the Healey administration to address the escalating cost of housing in Massachusetts and make renting more affordable and accessible.
The core of Governor Healey's initiative is to shift the responsibility of paying the real estate broker's fee from the tenant to the landlord, or whoever engaged the broker's services. This was a key proposal in her FY26 budget and has now passed through the legislature. The aim is to remove a substantial financial barrier that has often prevented individuals and families from securing housing, even when they could afford the monthly rent.
Advocates for the change highlight that these upfront costs can easily amount to thousands of dollars, sometimes reaching figures as high as $10,000 to $15,000 when combined with security deposits and first/last month's rent. By eliminating the renter-paid broker's fee, the administration hopes to provide immediate financial relief to renters and foster a more equitable housing market.
The new policy on broker's fees is expected to have a ripple effect on the Massachusetts rental market, bringing both advantages and potential drawbacks.
Overall, Governor Healey's initiative represents a significant attempt to make Massachusetts a more affordable place to live by tackling a long-standing point of contention for renters. The full extent of its impact on the rental market and the balance between upfront costs and long-term rental prices will become clearer as the policy takes effect.
Published 7/6/25