N.Y. RPP Law § 442-L
This is the official text of N.Y. RPP Law § 442-L, part of New York’s RPP Law — part of the compiled statutory law of New York, published by the state as "RPP Law." Browse the sections below, each linked to its official government source.
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After-the-fact referral fees
Official statutory text
§ 442-l. After-the-fact referral fees. 1. No real estate broker or\nsalesperson, in any place in which this article is applicable, shall\ndemand or receive a referral fee or compensation of any kind for (i) a\nreferral from any person or other entity relative to finding a seller\nafter a bona fide listing agreement has been signed, (ii) a referral\nfrom any person or other entity relative to finding a buyer after a bona\nfide offer to purchase is accepted, or (iii) a referral from any person\nor other entity relative to finding a property after a bona fide buyer's\nagency agreement has been signed, unless reasonable cause for payment of\nsuch compensation exists.\n 2. A violation of this section shall be a violation of this article\nand shall constitute a deceptive act or practice within the meaning of\nsection three hundred forty-nine of the general business law.\n
Status: in_force · Read it on the official government site
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