19 CRR-NY 175.19NY-CRR

OFFICIAL COMPILATION OF CODES, RULES AND REGULATIONS OF THE STATE OF NEW YORK
TITLE 19. DEPARTMENT OF STATE
CHAPTER V. DIVISION OF LICENSING SERVICES
SUBCHAPTER D. REAL ESTATE BROKERS AND SALESMEN
PART 175. REGULATIONS AFFECTING BROKERS AND SALESMEN
19 CRR-NY 175.19
19 CRR-NY 175.19
175.19 Net listing agreements.
(a) The term net listing as used herein shall mean an agency or other agreement whereby a prospective seller of real property or an interest therein, lists such property or interest for sale with a licensed real estate broker authorizing the sale thereof at a specified net amount to be paid to the seller and authorizing the broker to retain as commission, compensation, or otherwise, the difference between the price at which the property or interest is sold and the specified net amount to be received by the seller.
(b) No real estate broker shall make or enter into a “net listing” contract for the sale of real property or any interest therein.
19 CRR-NY 175.19
Current through April 30, 2021
End of Document