Thursday, October 7, 2010

New Agency Disclosure Law Goes into Effect on January 1, 2011

August 30, 2010, Gov. David Paterson signed a bill into law amending Real Property Law §443 to add two new components to the agency disclosure law relating to advanced consent to dual agency and agency disclosure for condominiums and cooperative apartments/units.

The new law and required forms do not take effect until January 1, 2011.

Under the new law, sellers, landlords, buyers and tenants are permitted to consent to dual agency or dual agency with designated sales agents in advance by indicating the same on a new revised agency disclosure form.

click here for the rest of the law
http://www.cnyrealtor.com/news/2010/sep/new-agency-disclosure-law-goes-effect-january-1-2011

No comments:

Post a Comment

THINKING ABOUT SELLING?


AVERAGE SALE PRICE LAST 3 YEARS

AVERAGE DAYS ON MARKET LAST 3 YEARS

UNITS SOLD LAST 3 YEARS

AVERAGE SOLD PRICE TO ASKING PRICE RATIO LAST 3 YEARS

AVERAGE SALE PRICE LAST 3 YEARS

AVERAGE DAYS ON MARKET LAST 3 YEARS

UNITS SOLD LAST 3 YEARS

AVERAGE SOLD PRICE TO ASKING PRICE RATIO LAST 3 YEARS