There are generally more rules around how commissions are paid to buyer’s agents for new development purchases in NYC, and sponsors are generally more strict in terms of requiring buyer’s agents to register and/or attend showings with their clients. …

Meeting the Debt-to-Income (DTI) ratio requirement for a NYC co-op apartment can seem like a daunting task. …

The offer to purchase real estate form comes in various forms in New York, and can vary based on the brokerage firm. Furthermore, it’s quite uncommon to see offer to purchase forms used in the first place, especially in NYC. …

Both co-purchasing a co-op and utilizing a guarantor when buying a co-op are viable options for a buyer who has shaky finances that the co-op board might not otherwise approve of individually. …

Rent to own is quite rare in NYC due to co-ops and banks having strict financial requirements around debt-to-income ratios and post closing liquidity. …

Yes, condo house rules exist just like house rules exist for co-ops. The original offering plan or bylaws typically authorize the condo board to create a reasonable set of rules and regulations for the building, typically concerning usage of the common areas of the building. — What Are Condo House Rules? Condo house rules are a compilation of rules and regulations created by a condomimum’s board of directors regarding everyday life in the building.

No, sellers are not required to do anything, let alone pay commission to a buyer’s agent. However, if sellers wish to list their home in the MLS, then they will need to work with a listing agent who will be required to offer some form of compensation to buy side agents in the MLS. — Sellers may be tempted to offer less than market rate buy side commissions, but this will only hurt their chances of selling as buyers’ agents regularly screen listings based on commission rates.

The most important things when it comes to what to watch out for with real estate agents are high pressure sales tactics, lying, passivity, lack of responsiveness, argumentativeness and a general lack of ethics. We’ll discuss the classic signs that you should run from whether you’re buying or selling and much more in this article. — Signs of a Bad Buyers Agent Can’t answer simple questions about the process

A number of new rent laws and regulations recently took effect in NYC following the passage of the Housing Stability and Tenant Protection Act of 2019 by the New York State Legislature. Changes were made to rent stabilization laws, real property law as well as the procedure of housing court. …