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.

If representing a member of her/his immediate family, according to REBNY’s Code of Ethics and Professional Practices, a broker must disclose that relationship in writing to other parties to a transaction.

Although the state doesn’t require that disclosure,