New York Statutes

§ 350-F-1 — After-the-fact referral fees

New York·Law GBS General Business·Art. 22-A Consumer Protection From Deceptive Acts and Practices

§ 350-f-1. After-the-fact referral fees.

1.No person, firm,\npartnership, corporation, association, or other entity shall demand or\nreceive a referral fee or compensation of any kind for (i) a referral\nfrom any person or other entity relative to finding a seller of real\nproperty after a bona fide real estate listing agreement has been\nsigned, (ii) a referral from any person or other entity relative to\nfinding a buyer for real property after a bona fide offer to purchase\nreal property is accepted, or (iii) a referral from any person or other\nentity relative to finding real property after a bona fide buyer's\nagency agreement has been signed, unless reasonable cause for payment of\nsuch compensation exists.\n 2. Any violation of subdivision one of this section shall constitute a\n

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