Gov. David Paterson has signed the NYSAR supported "Advanced Consent to Dual Agency" bill into law. This measure, which goes into effect on January 1, 2011, will provide consumers further agency relationship choices by allowing sellers/landlords and buyers/tenants to approve dual agency prior to the start of the relationship. The legislation also amends theReal Property Law by requiring real estate licensees to disclose their agency relationship with the clients in cooperative apartment and condominium transactions. NYSAR believes this law will provide members with additional protections and flexibility when working with clients
Show All Comments
Sort:
Howard Hanna Rand Realty - Yorktown Heights, NY
Associate Broker / Office Manager
There will be people who hate this change to the law, but nobody can say that Albany has not been agreeable the past few years when you also consider the commission escrow act.
Thanks for being on top of the news Chris. I didn't know it passed.
Sep 01, 2010 01:32 AM
Rainmaker
421,035
421,035
Christopher Pagli
"I Stay Open Until You Close"
Service Areas
Real Estate Resources
Recent Posts
Real Estate Technology & Tools
over 7 years ago
ActiveRain Community
almost 8 years ago
ActiveRain Community
almost 8 years ago
Comments(1)