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Three City Council members have withdrawn their support in the bill to cap commissions for leasing brokers amid backlash by the actual estate industry. Council members Adrienne Adams, Justin Brannan and Robert Holden were sponsors, but have since removed their names from the proposition, known as Intro 1423. If it became law, leasing brokers’ commission will be capped in one month’s rent, which for many agents would suggest amassing about 8.3% of […]