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. …
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. …
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.
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.
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.