REBNY Clarifies to NYC Brokers that Sharing Commissions with Buyers is Legal
Every week, REBNY sends its members a “Legal Line Question of the Week” email, which answers a legal question asked by one of REBNY’s members. This week’s topic dealt with the legality of the real estate brokerage commission rebate and the answer, copied below, was written by Neil Garfinkel, REBNY Broker Counsel.
This is nothing new, as per Section 442 of New York’s Real Property Law. More information can be found on an earlier blog I wrote: