Net Listings in New York: What They Are and Why Sellers Should Avoid Them
A net listing lets your broker keep everything above an agreed price. New York bars real estate brokers from entering into one at all under 19 NYCRR 175.19. Here is what the rule covers, the conflict of interest it creates, and what to do if you are offered one anyway.
Co-op Board Approval in NYC: How to Prepare a Board Package That Gets Approved
Once a co-op board package is complete, the board has up to 45 days to decide under NYC's new timeline law, and many boards still expect 20% to 25% down and one to two years of post-closing liquidity before they'll schedule an interview.
Real Estate Commission in NYC: What Agents Charge After the 2024 Settlement
Real estate commission in NYC has never been fixed by law, and 2024 rule changes reshaped how offers to buyer's brokers are made. Here's what sellers and buyers should know before they sign anything.