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.
Title insurance company Statewide Abstract Corp. has added Tracy Forrest, Esq. to its roster of real estate professionals.
Forrest specializes in residential and commercial landlord/tenant matters including trials, commercial litigation, and closings. He recently joined Statewide Abstract as Deputy General Counsel and will be responsible for teaching Statewide’s CLE/CE programs as well as business development. In addition, he will provide legal advice to Statewide customers.
Forrest spent the first 13 years of his career in private practice including a large landlord/tenant firm in New York City. He then joined the New York City Housing Authority (NYCHA) where he moved up the ranks over 20 years. For the last six years, he was Division Chief of the Landlord/Tenant Division with 20 lawyers and support staff. At NYCHA, Forrest was responsible for creating and presenting seminars where he lectured on housing court procedures to NYC judges and approximately 750 property managers and their staff. As Division Chief, Forrest was the point person for property managers regarding their legal needs. He was also hand-selected to be the Holdover Coordinator for the mayoral “Operation Safe Housing” program.
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