If your agent participates in the universal co-broke agreement, it ensures that your property`s marketing presence will be optimized. All our partner brokers are serious, highly experienced real estate agents who never openly discount their services. As a result, they have great working relationships with the rest of the brokerage community, so you never have to worry about other agents treating you differently. h. No affiliation with a real estate agent. You agree that you have not signed an agreement with a real estate agent that would prevent you from using New York Residence Inc. as an agent. You do not have a contract or agreement with third parties that would affect our presentation on your part. [You agree to notify us immediately if you enter into a listing contract with a real estate agent.] This is a proactive way to track the sale of real estate. One broker delivers an exclusive offer from the seller and the other brings the customer in. The selling broker has entered into his or her exclusive written agreement with the owner, who gives him or her permission and requires him or her to distribute it to other New York brokers if he or she is a member of the New York Board of Directors (REBNY). Then, successful brokers share the commission.

Because of this distribution — fifty and fifty of a certain percentage of the selling price; six percent is the commission rate I see most often cited – a broker receives three percent that must be shared with the company the broker works for, also known as a “house”. This arrangement shows why it is good to maintain a high commission rate so that you get maximum attention from the brokerage community. one. Changes to the Terms. New York Residence Inc. may modify or update these Terms, including the Privacy Policy and any other agreement that will be incorporated by reference into these Terms, at any time and for any reason, without notice. Any changes or updates we have made are only prospective. You can find the latest version of the terms here. In the event of a contradiction between these conditions and the materials made available offline, these conditions always take precedence. f. Brokerage restrictions. If you have a license of ownership, including, but not limited to, a brokerage, associate broker or seller license, you must notify us at the time of registration.

We require brokers of the Real Estate Board of New York (“REBNY”) and/or REBNY Listing Service (“RLS”) (and each of their duly authorized agents) to access the Site to verify compliance with the provisions of these Terms, the co-brokerage agreement between New York Residence Inc. and REBNY or other applicable RLS rules or policies. We reserve the right to deny or terminate access by a state-licensed real estate agent, seller, agent or similar real estate agent (“Real Estate Agent”), unless such real estate agent accesses the Site for the aforementioned purposes. No person, including a real estate agent, may market or commercialize the Content in any way, including, but not limited to, advertising our real estate offerings, copying our content for commercial purposes, or contacting our customers or the owners or sellers of real estate listed on the Site. . . .

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