NYS DISCLOSURES FOR REAL ESTATE TRANSACTIONS

Before we can work together, I must explain these forms to you.

They are required by NYS Law. By signing, you acknowledge you understand the forms.

The forms themselves go into full detail. Below is just a summary.

The video explain the forms in more detail.

•   NYS Agency Disclosure    → Link Here ←     

This disclosure explains the different roles real estate agent can have in a real estate transaction.

• Fair Housing Disclosure  → Link Here ←

This disclosure describes what is a Fair Housing Violation and where you can make a complaint if you feel an agent has made a Fair housing violation.

• Buyer Broker Agreement  → Link Here ← 

This contract explains what an my brokerage’s and my obligations are to you and what your obligations are to us.  It creates an exclusive relationship where you agree that I will be your only real estate agent. It explains how much my brokerage charges to for doing my job. This amount can be negotiated before signing.  The length of the contract is agreed upon by you and I.

There are three ways my brokerage can be paid. (The brokerage then pays me a portion of the commission)

1.             The Seller is offering a commission to a buyer’s broker (the buyer agent’s broker then pays agent)
2.             The Seller is offering concessions to the buyer. This is a credit at closing which will be used to pay the buy side commission.
3.             The Buyers pays their broker directly at closing.