Few buyers and sellers of residential real estate believe everything in advertisements placed by brokers and agents.
Neither does New York’s Department of State (DOS), which is proposing to implement new rules as a consumer protection to replace its informal advertising guidelines. In a notice about the change published on Oct. 24, it said:
After consulting with the New York State Board of Real Estate, however, it was determined that enforceable regulations were required in order to adequate protect the public from dishonest and misleading advertising practices.
Covered by the rule is Continue reading