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Competition and Real Estate by State

New York New York

Positive icon Allows choice of brokerage services
Positive icon Allows brokers to offer rebates to consumers

In 2010, a bill was introduced into the General Assembly prohibiting a real estate broker from conducting a real estate transaction outside of the broker's county of residence. The Department of Justice wrote a letter on March 16, 2010 opposing the bill. The bill was not voted out of committee.

If you have any concerns with the competitive landscape of the real estate industry in New York or any other state, please contact the Department of Justice at RealEstateCompetition@usdoj.gov.

Learn more about:

Brokerage services: Discount Brokers Can Make Selling a Home Less Costly

Rebates: Rebates Make Buying a Home Less Expensive

Related documents:

February 6, 2008

Letter from New York Department of State Re: Real Property Law Section 442 permits payment of rebates

March 16, 2010

Letter to Assemblyman Michael Benjamin Re: Assembly Bill 2975 (Real estate brokers' jurisdiction)

March 18, 2010

Letter from New York Assemblyman Michael Benjamin Re: Assembly Bill 2975 (Real estate brokers' jurisdiction)

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