Listing Agreement For Unimproved Property In New York
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RPL 443 states that if you are representing a seller (or landlord), you have the following obligations to the buyer (or tenant): “in dealings with the buyer (or tenant), a seller's (or landlord's) agent should (a) exercise reasonable skill and care in performance of the agent's duties; (b) deal honestly, fairly and in ...
Effective as of March 20, 2024, New York's Property Condition Disclosure Act (the “PCDA”), in effect since 2002, no longer permits a seller of residential real estate to opt out of delivering a Property Condition Disclosure Statement (the “Statement”) by giving the Purchaser a $500 closing credit.
Effective March 20, 2024, the amended New York Real Property Law Chapter 50, Article 14 (the “Property Condition Disclosure Act”) will compel all sellers of residential property to complete and deliver a Property Condition Disclosure Statement (“PCDS”) to a buyer prior to signing a contract of sale.
Article 12-A of the Real Property Law grants to the Department of State the authority to regulate real estate brokers and salespersons.
Exempt transactions include: A transfer by a fiduciary such as a trustee or executor. The transfer of newly constructed property that has never been inhabited. A transfer pursuant to a court order.
RPP - Real Property. Article 12-A - Real Estate Brokers and Real Estate Salespersons.
Article 12-A of the Real Property Law grants to the Department of State the authority to regulate real estate brokers and salespersons.
The Property Condition Disclosure Act requires the seller of residential real property to cause this disclosure statement or a copy of thereof to be delivered to a buyer or buyer's agent prior to the signing by the buyer of a binding contract of sale.
New York State Real Property Law Section 443 (“RPL 443”) requires real estate licensees in New York State to provide buyers, sellers, landlords and/or tenants with a disclosure (the “Agency Disclosure Form”) set- ting forth the nature of the agency relationship the real estate licensee will have with said buyers, sell- ...