|Allows choice of brokerage services|
|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
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)