N.Y. Real Property Law § 442-L
After-the-fact referral fees
New York · New York Real Property Law · Status: effective · Effective 2014-09-22
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- N.Y. Real Property Law § 442-L, After-the-fact referral fees, New York, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/1127604
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Full text
§ 442-l. After-the-fact referral fees. 1. No real estate broker or
salesperson, in any place in which this article is applicable, 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
after a bona fide listing agreement has been signed, (ii) a referral
from any person or other entity relative to finding a buyer after a bona
fide offer to purchase is accepted, or (iii) a referral from any person
or other entity relative to finding a property after a bona fide buyer's
agency agreement has been signed, unless reasonable cause for payment of
such compensation exists.
2. A violation of this section shall be a violation of this article
and shall constitute a deceptive act or practice within the meaning of
section three hundred forty-nine of the general business law.