2006 New York Code - After-the-fact Referral Fees



 
    §   350-f-1.   After-the-fact  referral  fees.  1.  No  person,  firm,
  partnership, corporation, association, or other entity shall  demand  or
  receive  a  referral  fee or compensation of any kind for (i) a referral
  from any person or other entity relative to finding  a  seller  of  real
  property  after  a  bona  fide  real  estate  listing agreement has been
  signed, (ii) a referral from any person  or  other  entity  relative  to
  finding  a  buyer  for real property after a bona fide offer to purchase
  real property is accepted, or (iii) a referral from any person or  other
  entity  relative  to  finding  real  property  after a bona fide buyer's
  agency agreement has been signed, unless reasonable cause for payment of
  such compensation exists.
    2. Any violation of subdivision one of this section shall constitute a
  deceptive act or practice within the meaning of  section  three  hundred
  forty-nine of this article.

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