Statute · New York Real Property Law
N.Y. Real Prop. Law § 442-l — After-the-fact referral fees
N.Y. Real Prop. Law § 442-l
- Type
- Statute
- Source
- New York Real Property Law
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 442-l. After-the-fact referral fees. 1. No real estate broker or salesperson, in any place in which this article is applicable, shall demand or receive a referral fee or compensation of any kind for (i) a referral from any person or other entity relative to finding a seller after a bona fide…
Citator
N.Y. Real Prop. Law § 442-l — After-the-fact referral fees is in force in the current edition of the Code, and nothing recorded condemns it.
§ 442-l. After-the-fact referral fees. 1. No real estate broker or salesperson, in any place in which this article is applicable, shall demand or receive a referral fee or compensation of any kind for (i) a referral from any person or other entity relative to finding a seller after a bona fide listing agreement has been signed, (ii) a referral from any person or other entity relative to finding a buyer after a bona fide offer to purchase is accepted, or (iii) a referral from any person or other entity relative to finding a property after a bona fide buyer's agency agreement has been signed, unless reasonable cause for payment of such compensation exists.
2. A violation of this section shall be a violation of this article and shall constitute a deceptive act or practice within the meaning of section three hundred forty-nine of the general business law.