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Showing posts with label Real Estate Commissions. Show all posts
Showing posts with label Real Estate Commissions. Show all posts
Thursday, August 29, 2024

New Rules of Real Estate Commissions: Essential Updates After the NAR Sitzer Case

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The real estate industry is undergoing seismic changes, and the recent NAR Sitzer lawsuit has turned the world of real estate commissions on...
Tuesday, February 14, 2017

Commission Rates in Real Estate Brokerage are Discretionary to the Broker and Property Owner

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A Lieb School student recently took a final exam for our Conflicts of Interest ONLINE course and explained how commission rates are set by...
Thursday, August 27, 2015

Fortune Attacks Real Estate Brokers – Do You Agree?

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Yesterday, Chris Matthews ’ article “ Real estate agents may be colluding to rip you off ” was published by Fortune while citing to a paper...
Thursday, March 06, 2014

Broker Entitled to Implied Commission even without Agreement

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The Appellate Court recently decided Harris v. Clancy , a case where the Court ruled that a seller had the burden to prove that a broker had...
Thursday, January 09, 2014

The Plight of the Broker

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Many look with envy at the good fortune of the broker, who reaps a large pot from simply introducing the parties to the deal, but to those w...
Tuesday, November 26, 2013

Hotel Occupancy Tax on Expedia, are brokers next to be taxed for their rentals?

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Last week, the Court of Appeals, NY's highest court, ruled that "Local Law 43, a hotel room occupancy tax applicable to online tra...
Wednesday, February 27, 2013

Does the Department of State hear Brokerage Commission Claims?

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Generally no. Real Property Law 442-e(5) provides the Secretary of State with the power to enforce the provisions of Real Property Law Art...
Tuesday, November 20, 2012

The FTC is Investigating Deceptive Ads in Real Estate Marketing

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According to Ad Age, the leading publication in the advertising industry, the Federal Trade Commission (FTC) and the Consumer Financial Prot...
Friday, July 06, 2012

Does a real estate brokerage firm's due diligence reports entitle them to a commission when they are not the procuring cause?

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A brokerage commission is generally due when a real estate broker procures a ready, willing and able purchaser for a transaction. Nonetheles...
Friday, June 15, 2012

No one signed the contract, can I still earn a commission?

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Last evening at our real estate continuing education course, Conflicts of Interest, we discuss the anxiety that  real estate agents face b...
Wednesday, May 09, 2012

Unauthorized Practice of Brokerage

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Its often said that real estate agents are engaging in the unauthorized practice of law, but what about CPAs, Financial Planners, Property M...
Tuesday, April 17, 2012

Lis Pendens for a Brokerage Commission? Not So Fast

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A recent article in the Nassau Lawyer argued for the use of the lis pendens to enforce a broker’s right to a commission on the sale of ...
Monday, August 15, 2011

How to get my commission?

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So you find a purchaser who is ready, willing & able, but the seller (your client) nonetheless refuses to pay. What do you do? You l...
Monday, July 25, 2011

Brokerage / Attorney Fee Sharing

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Pursuant to Formal Opinion 845 of the New York State Bar Association, while an attorney can act as a real estate broker and gain a commissio...
Monday, August 02, 2010

Hey Brokers - Here is how to get your disputed real estate commission

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Lets start with some facts: A duly licensed real estate broker earns a commission when he or she produces a person who was ready, able and...