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.