LEGAL CORNER: NYC Passes the FARE Act and Restricts the Payment of Commissions by Tenants
The real estate industry has expressed concerns regarding the potential repercussions of the FARE Act.
The construction of The Lirio will transform a parking lot into permanently affordable housing, office space for the MTA and neighborhood retail space.
Explain to agents that written buyer agreements are legally binding documents that are designed to protect both the consumer and the broker.
Passenger vehicles and small commercial vehicles—sedans, SUVs, pick-up trucks, and small vans—paying with a valid E-ZPass will be charged $15 during the day and $3.75 at night
The Northeast PHSI decreased 0.3% from last month to 63.4, a decline of 9.0% from February 2023.
According to the Realtor.com report, the New York-Newark-Jersey City, NY-NJ-PA market posted a median rent of $2,852 in February, as compared to the Monthly Buy Cost of $4,995, for a savings of $2,143 and a 75% cost difference.
The settlement achieves two important goals: protecting members to the greatest extent possible and preserving consumer choice.
There were 426 closed sales transactions and 610 pending sales transactions reported for condos in February 2024, representing a 12.4% increase in closed sales transactions and a 23.0% increase in pending sales transactions.
Westchester County experienced a slight increase in home sales by just 1.7% in February, along with an almost 14% increase in home prices, with a median of $831,250.
At 480,000 units, existing-home sales in the Northeast were identical to January but down 7.7% from February 2023. It's the fourth consecutive month that home sales in the Northeast registered 480,000 units.
The $33.8-billion bonus pool for 2023, which closely matched the 2022 pool, was well below the 25% growth seen in 2020 ($37.1 billion).
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