(Flickr photo by amrita b)
Many real estate brokers also become members of the boards of buildings in which they live.
One lofty reason is their commitment to making a contribution to their community. Another is to protect their investment.
A baser desire is to raise their profile and, in so doing, snare business in the building.
But is it permissible for a building’s board member to represent a unit’s seller or buyer as agent? Many brokers will tell you that the question is a thorny one. (more…)
Like this:
Like Loading...
The High Road: The broker/board member
April 26, 2012(Flickr photo by amrita b)
Many real estate brokers also become members of the boards of buildings in which they live.
One lofty reason is their commitment to making a contribution to their community. Another is to protect their investment.
A baser desire is to raise their profile and, in so doing, snare business in the building.
But is it permissible for a building’s board member to represent a unit’s seller or buyer as agent? Many brokers will tell you that the question is a thorny one. (more…)
Share this:
Like this:
Tags:Apartments, Broker ethics, Co-ops, Condos, Manhattan real estate, Neil Garfinkel, New York City, New York Times, Real Estate Board of New York, REBNY
Posted in Brokers, Co-ops and Condos, Commentary, Manhattan, New York City, Real Estate, The High Road | Leave a Comment »