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Rhonda Burnett, the lead plaintiff, testified about her experience with a real estate agent from HomeServices of America subsidiary ReeceNichols. According to Burnett, the agent gave her a contract to sign with a commission rate of 6% already filled in, and she was told that the rate was non-negotiable. [12]
Mandatory broker fees, an unusual feature of New York City apartment hunting long reviled by renters, will be banned under legislation that passed Wednesday after overcoming fierce backlash from ...
But they were quickly reinstated following a lawsuit led by the Real Estate Board of New York. Brokerage firms estimate that roughly half of the city’s apartments require a tenant-paid broker fee.
Such broker fees were previously banned in 2020 under a package of renter protection laws passed by the state. But they were quickly reinstated following a lawsuit led by the Real Estate Board of New York. Brokerage firms estimate that roughly half of the city’s apartments require a tenant-paid broker fee.
Steven Croman is a real estate owner in New York City. In 1990, Croman incorporated the management and brokerage firm Croman Real Estate (later rebranded to 9300 Realty) and quickly grew his business, owning 20 buildings by the end of the decade and 150 buildings by 2016, mostly in Manhattan's East Village.
Counties of New York Location State of New York Number 62 Populations 5,082 (Hamilton) – 2,561,225 (Kings) Areas 33.77 square miles (87.5 km 2) (New York) – 2,821 square miles (7,310 km 2) (St. Lawrence) Government County government Subdivisions Cities, Towns, Indian Reservations Part of a series on Regions of New York Downstate New York New York City Long Island Hudson Valley (Lower ...
A real estate company owned by Warren Buffett’s Berkshire Hathaway has agreed to pay $250 million to settle lawsuits nationwide claiming that longstanding practices by real estate brokerages ...
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