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be entitled to a license as a real estate broker or real estate salesperson under this article who does not meet the requirements of section 3-503 of the general obligations law.
27 Σεπ 2024 · This guide will walk you through the fundamental aspects of real estate commissions in New York and how they might affect your upcoming transaction, whether you’re new to the market or have prior experience.
NY real estate commission law is an important legislation in the state's property market. Stakeholders in the real estate industry need to understand the provisions of this law and how it affects their activities. Should a Real Estate Broker Be Licensed in the State of New York?
Generally, Article 12-A of the Real Property Law provides that anyone who, on behalf of another and for a fee, 1) negotiates a sale, exchange or rental of real property, 2) collects rent, or 3) negotiates a commercial loan secured by a mortgage must be licensed as a real estate broker.
Laws of New York Article 12-A, Real Estate Brokers and Real Estate Salespersons. Refreshed: 2023-08-20
A Real Estate Broker is any person, firm, limited liability company or corporation, who, for another and for a fee, commission or other valuable consideration, lists for sale, sells, at auction or otherwise, exchanges, buys or rents, or offers or attempts to negotiate a sale, at auction or otherwise, exchange, purchase or rental of an estate or ...
1 Ιαν 2021 · New York Consolidated Laws, Real Property Law - RPP. Current as of January 01, 2021 | Updated by FindLaw Staff. Welcome to FindLaw's Cases & Codes, a free source of state and federal court opinions, state laws, and the United States Code.
