NY1 segment aims at red flags in real estate sales

This image from Jill Urban’s NY1 segment shows neither her nor me.

Real estate reporter Jill Urban of NY1 interviewed me last week about the ways buyers or sellers can cause trouble before a contract is signed.

We also discuss what either party can do when sensing a problem.  I hope you enjoy viewing her short piece on red flags in real estate.

I know I enjoyed participating and finally meeting Jill, with whom I have several mutual friends in the business.

The clip is only two minutes long and includes one of those friends, lawyer Ron Gitter. I’ll have much more detail about the issues in a future post.

Tomorrow: Thanks, Rodney

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Malcolm Carter
Licensed Associate Real Estate Broker
Senior Vice President
Charles Rutenberg Realty
127 E. 56th Street
New York, NY 10022

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REBNY requires brokers to disclose family ties

Garfinkel

Ethical real estate brokers who are members of the Real Estate board of New York (REBNY) have a requirement that is not in New York State law, notes Neil B. Garfinkel, the organization’s residential counsel.

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Although the state doesn’t require that disclosure,

Do apartment buildings abuse First Amendment?

Numerous condo and co-op buildings restrict the amount, place or even the contents of notices and other paper that residents want their neighbors to see.

The arguments in favor of the restriction range from preserving dignity and removing clutter to avoiding political disputes.

For years, community association leaders and lawyers were in agreement that since condos are not governments, the First Amendment did not protect condo owners from speaking freely, lawyer and columnist Benny Kass observes in the Washington Post.  But a recent court ruling suggests the possibility that courts in some states may rule on the side of building residents, rather than their boards.

He reports that an opinion handed down by

Draft tax abatement bill reduces past decreases

Although legislation has been drafted to extended tax abatements for apartment owners, there are changes that residents may not have been expecting.

It has been widely reported that the legislature is expected to go into special session later this year to vote on the co-op/condo abatement, the J-51 program and a technical amendment for 421a tax benefits, which are aimed at encouraging new residential development in high-density districts in Midtown as well as in downtown Manhattan.

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The High Road: Today Show stoops to new low

Many years have passed since I started viewing the Today Show for a sample of the latest news.

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Brooklyn House of Detention (via Gothamist)

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