Real estate brokers in the state number 52,855, nearly half them in New York City.
Number of complaints filed with New York’s Department of State last year: 952.
Those figures were reported by the Real Deal in a piece about how hard will be enforcement of new advertising rules. (I reported on the changes previously.)
Given what most consumers think of real estate agents and the number of times that I alone have observed violations of state law, those numbers just don’t square with reality.
There’s a simple explanation. Continue reading