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.

Condo house rules usually encompass the use of common elements shared by all owners, such as the roof deck, hallways or basement storage. …

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.

Do-I-Have-to-Pay-the-Buyer-Agent-Commission-Infographic

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.

Furthermore, offering low co-brokes is dangerous for the reputation of listing brokers as the pool of buyers’ agents…

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 classic sign of a bad buyer’s agent is the inability to answer basic questions about the home buying process. For example, you ask whether buyers can back out of an accepted offer, and your buyer’s agent has no idea but promises to get back to you.

Keep in mind…

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.

It can be tempting for sellers to try to re-negotiate the buyer agent’s fee after an offer has been submitted. However, negotiating buyers agent commission comes with many risks and is highly frowned upon by the real estate community. We’ll explain what you can and can’t do in this article.

Can Sellers Negotiate the Buyer Agent Fee?

Sellers can negotiate the buyer agent’s fee if they are listing their home For Sale By Owner (FSBO). Keep in mind that this means no listing agreement has been signed with a listing broker, and the property is not listed on the MLS.

As a result, a FSBO seller will…

Hauseit

Save money when buying and selling real estate in NY and FL with Hauseit. Available in NYC, Long Island, the Hudson Valley and South Florida. www.hauseit.com

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store