Generally speaking, a real estate broker is entitled to a commission when he or she procures a buyer ready, willing and able to purchase the subject property on terms acceptable to the seller. Although the rule sounds simple, disputes over failure to pay brokerage commissions are surprisingly common. Under New York law, a commission agreements […]

Written Brokerage Agreements – When You’re Right, Write.

Generally speaking, a real estate broker is entitled to a commission when he or she procures a buyer ready, willing and able to purchase the subject property on terms acceptable to the seller. Although the rule sounds simple, disputes over failure to pay brokerage commissions are surprisingly common. Under New York law, a commission agreements […]

Read more >

New Law Requires All Members of a Limited Liability Company to Disclose Tax ID Numbers (Even for Non-Managing Members)

Effective Monday, May 18, 2015, New York City’s Department of Finance implemented material changes in connection with the preparation and filing of the City’s Real Property Transfer Tax Return (“NYC-RPT”) in its Automated City Register Information System (“ACRIS”).  Previously, parties were only required to disclose the name and social security numbers (“SSN”) or employer identification […]

Read more > 0