The real estate industry has expressed concerns regarding the potential repercussions of the FARE Act.
NAR continues to believe that offers of compensation are an important option to help make professional representation more accessible.
Starting out in her 20s, Rondon worked with real estate legend Faith Hope Consolo while at Garrick Aug Associates, where she spent 13 years.
NEW YORK—Landlord agents can continue to collect commissions or brokerage fees from landlords at least until June 12.
The New York Attorney General Letitia James requested, and was granted, an extension of the temporary restraining order that the New York State Association of Realtors, the Real Estate Board of New York and others filed in response to the guidance from the Department of State that prohibited landlord’s agent from collecting a broker fee/commission.
With the extension granted, landlord’s agents are permitted to continue collecting commissions from a tenant until at least June 12 when the next court session is scheduled.
The real estate industry has expressed concerns regarding the potential repercussions of the FARE Act.
NAR continues to believe that offers of compensation are an important option to help make professional representation more accessible.
Starting out in her 20s, Rondon worked with real estate legend Faith Hope Consolo while at Garrick Aug Associates, where she spent 13 years.
“The worst of the downturn in home sales could be over, with increasing inventory leading to more transactions,” said NAR Chief Economist Lawrence Yun.
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