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New York Real Estate Lawyers Blog

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Sweeping Changes to Real Estate Agent Commission Rules are Now in Effect

We previously posted about significant changes to the rules concerning real estate agents’ commissions.  These changes became effective in recent days.  Previously, sellers paid a commission to the buyer’s agent in the amount indicated in the listing in the multiple listing service (“MLS”), the primary source of real estate listings. …

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Breaking News: “Transfer on Death” Deeds Become Option in New York

We would like to inform our readers that Transfer on Death Deeds (“TOD”) will become an option for property transfers in New York as of July 19, 2024.  Real property such as a house, condominium unit or vacant land is currently transferred by deed.  There are currently various types of…

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