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
LOCAL REAL ESTATE MARKET DATA, TRENDS, LISTINGS AND INFORMATION. ALL INFORMATION IS BASED ON LOCAL MLS AND WHILE WE BELIEVE THE INFORMATION IS ACCURATE, WE CAN NOT GUARANTEE IT. FOR MORE INFORMATION CALL US AT 917-971-0854
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment