Blogs

There is increasing urgency to change the way dual agency works. The March 2024 antitrust settlement in Moehrl v. National Association of Realtors (“NAR Settlement”) has had a major impact on the real estate industry and how agents structure their business.1 The National Association of Realtors (“NAR”) has agreed to a $ 418 million dollar settlement. A game changer for the industry.2 The NAR has begun implementing changes as a result of the antitrust lawsuit. They are making changes to...

When buying or selling a home, the title is a critical aspect that often goes unnoticed, until it becomes a problem. Title issues can severely derail a real estate transaction by causing delays or even leading to litigation. In this post, we will delve into common title issues and how to resolve them, ensuring a smoother closing process. “Real Estate Deal.” 89 Stocker / Canva (2024).https://www.canva.com/photos/MAEEl0M7mnI/. What is a Title? In real estate, a title is the legal doc...

New York State has a system of rent regulation known as Rent Stabilization. New York State enacted the Rent Stabilization system in 1969 which intended to protect tenants from illegal and over-excessive increases in rent while permitting a fair return to owners who invest in real property.1 The Rent Stabilization system generally covers: (1) buildings of six or more units built between February 1, 1947, and December 31, 1973; (2) buildings built before February 1, 1947, who moved in after June 3...