REBNY How To Video Series on Agency Disclosure & Client Representation

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REBNY recently launched a new effort to help people understand the law that defines the brokerage industry’s role in representing consumers, otherwise known as “agency.” Our new 11 part video series features Neil Garfinkel, REBNY Broker Counsel, of Abrams Garfinkel Margolis Bergson, LLP, and Eileen Kim, Licensed Associate Real Estate Broker of Douglas Elliman discussing the core concepts behind agency disclosure and client representation. Garfinkel and Kim cover a variety of topics including the procedure for representing both buyers and sellers, completing the Agency Disclosure Form, and how REBNY is a true "buyer representation environment.” This term means that when a REBNY broker takes a listing from a seller, that broker only works with that seller - all other REBNY brokers then work with representing the buyer. This differs from other organizations where subagency is commonplace and all brokers are representing the seller.  

Last year, we launched a “How To” video series to cover a wider range of industry topics. The Summer Series will focus primarily on the topic of agency, and for good reason.

“The idea of disclosing who you are representing and how you are acting is one of the most important things a real estate broker can do at the onset of a relationship between the broker and the party that they are representing,” said Garfinkel. “One of the biggest complaints concerning real estate brokers nationwide is that consumers either aren’t sure or don’t know how they’re being represented by their broker, and this series addresses some of those concerns. The goal of this series is to make the relationship between the broker and the consumer clearer.  There exists a disconnect between disclosure and agency, and if we can bridge that gap, there can and will be tremendous benefits on both sides.”

Download these FAQs on Agency Disclosure

• Top 10 Things to Know About the Agency Disclosure Form
  

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Episode 1: An Introduction To The Real Estate Law of Agency

In this, the first video of the REBNY Summer How To Series on Agency Disclosure you will find an introduction to the real estate Law of Agency and how it pertains to New York State residential real estate brokers.  Over the course of this series, in 11 parts, our experts REBNY Broker Counsel, Neil Garfinkel and Eileen Kim of Douglas Elliman real estate take us through the ins and outs of the Agency Disclosure forms and how they can protect you and your clients.

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Episode 2: Why the Agency Disclosure Form Is Important

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Episode 3: Agency Relationships 

Episode 3 is about Agency Relationships as defined by New York State real estate law. This video offers practical tips on agency relationships and how to define them to protect yourself and your buyers and sellers. It is essential knowledge for any professional residential real estate salesperson or broker.  Eileen Kim, Licensed Associate Real Estate Broker of Douglas Elliman, asks all the questions that you have and gets the answers from Neil Garfinkel, REBNY Broker Counsel, of Abrams Garfinkel Margolis Bergson, LLP.

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Episode 4: Dual Agency for Real Estate Brokers in New York State

In Episode 4 of the Agency Disclosure & Client Representation series, Neil Garfinkel, REBNY Broker Counsel, of Abrams Garfinkel Margolis Bergson, LLP and Eileen Kim, Licensed Associate Real Estate Broker of Douglas Elliman discuss Dual Agency for real estate brokers in New York: What it is? How it is created? and more.

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Episode 5: Agency & The REBNY Environment 

In Episode 5 of the Agency Disclosure & Client Representation series, Neil Garfinkel, REBNY Broker Counsel, of Abrams Garfinkel Margolis Bergson, LLP and Eileen Kim, Licensed Associate Real Estate Broker of Douglas Elliman discuss how REBNY rules for NYC brokers and agents are better for the buyer compared to those under the common subagency rules.

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Episode 6: The Basics of Delivering the Agency Disclosure Form (ADF)

In Episode 6 of Agency Disclosure and Client Relationships, The Basics of Delivering the Agency Disclosure Form (ADF), Neil Garfinkel, REBNY Broker Counsel, of Abrams Garfinkel Margolis Bergson, LLP and Eileen Kim, Licensed Associate Real Estate Broker of Douglas Elliman discuss how to deliver the Agency Disclosure form.  They talk about when it is appropriate and the process of delivering the ADF according to New York State Law.

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Episode 7: Scenarios for Delivering the Agency Disclosure Form

In Episode 7, Scenarios for Delivering the Agency Disclosure Form.  Neil Garfinkel, REBNY Broker Counsel, of Abrams Garfinkel Margolis Bergson, LLP and Eileen Kim, Licensed Associate Real Estate Broker of Douglas Elliman discuss specific situations that are known to be confusing for brokers and clients alike.

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Episode 8: Representing a Seller or Landlord at an Open House

In Episode 8, Representing a Seller or Landlord at an Open House, Neil Garfinkel, REBNY Broker Counsel, of Abrams Garfinkel Margolis Bergson, LLP and Eileen Kim, Licensed Associate Real Estate Broker of Douglas Elliman discuss the details of disclosure and dual agency as they relate to representing a seller or landlord at an open house.

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Episode 9: Representing a Seller or Landlord

In Episode 9 of Agency Disclosure & Client Relationships , Representing a Seller or Landlord, Neil Garfinkel, REBNY Broker Counsel, of Abrams Garfinkel Margolis Bergson, LLP and Eileen Kim, Licensed Associate Real Estate Broker of Douglas Elliman discuss filling out the agency disclosure form in order to represent a seller or landlord and how to create dual agency in that scenario.

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Episode 10:  Representing a Buyer or Tenant

In Episode 10 of Agency Disclosure & Client Relationships , Representing a Buyer or Tenant, Neil Garfinkel, REBNY Broker Counsel, of Abrams Garfinkel Margolis Bergson, LLP and Eileen Kim, Licensed Associate Real Estate Broker of Douglas Elliman discuss filling out the agency disclosure form in order to represent a buyer or tenant and how to create dual agency in that scenario.

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Episode 11: An Example of Giving the Agency Disclosure Form at a Listing Presentation

In Episode 11, the final episode of Agency Disclosure & Client Relationships, An Example of Giving the Agency Disclosure Form at a Listing Presentation, Neil Garfinkel, REBNY Broker Counsel, of Abrams Garfinkel Margolis Bergson, LLP and Eileen Kim, Licensed Associate Real Estate Broker of Douglas Elliman provide a best practices example of how to deliver the ADF in that scenario.