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Posted by LaLa on 07 Jun 2007 | Tagged as: Blog, Commissions, The Industry
Several times a month I hear from different agents who believe that their offers to the listing (Seller’s) broker have not been communicated to the Seller.
Lauren Elkies of the Real Deal recounts this theme in her June 2007 article “Co-brokerage and commissions in conflict.”
Posted by LaLa on 22 May 2007 | Tagged as: Blog, Manhattan Prices, The Industry
The New York Times ran an article last week about the plight of college students and young professionals trying to find places to live in Manhattan. Rents are higher than ever and vacancy rates are the lowest in years, but the city retains its irresistible allure for bright, ambitious young people from all over the world. “There’s still enough of a cachet,�? as one real estate economist puts it.
When it comes to securing housing, young people are coping as creatively as they always have. They’re crowding more roommates into their apartments and putting up extra walls for privacy. Some of them are even camping out in unused or underused office spaces. Maybe they’re even enjoying the adventures now — getting ready for work or preparing meals in overcrowded apartments — but the situation poses real problems.
read more…
Posted by LaLa on 07 Feb 2007 | Tagged as: Blog, Real Estate Board of New York, The Industry
Recently, the New York Times’ Vivian Toy wrote an article Agents of Angst about unethical real estate agents – an article full of hair-raising stories about agents who withheld crucial information, actively misled their clients, didn’t keep their promises, poached other agents’ clients, and generally contributed to the public’s poor opinion of our industry. (According to the article, a recent poll ranking occupations by prestige placed real estate brokers at the very bottom of a list of 23 professions.)
The next week, Steven Spinola, the president of the Real Estate Board of New York, sent a letter to the editor defending the industry’s reputation, saying,
read more…
Posted by LaLa on 04 Jan 2007 | Tagged as: Blog, Manhattan Prices, The Industry
By Glenn Roberts
Inman News
Manhattan residential real estate prices climbed overall in the fourth quarter compared to the same quarter last year, several major brokerage companies reported this week. Halstead Property, Brown Harris Stevens, The Corcoran Group and Prudential Douglas Elliman released reports detailing condo and co-op sales and pricing activity for the fourth quarter.
The sales data used by some companies was in some cases skewed higher in the fourth quarter when compared to fourth-quarter 2005 because of a new source of public data on co-op sales that became available earlier this year.
read more…
Posted by LaLa on 01 Jan 2007 | Tagged as: Construction, The Industry
For the first time in a decade, construction permits have leveled off, with largest decline in Staten Island. High construction costs have tightened lending. more… [NYPost]
Posted by LaLa on 07 Dec 2006 | Tagged as: Blog, MLS, New York Real Estate, Real Estate Board of New York, The Industry
At $3500 for firms with fewer than 19 agents and $7000 for larger firms, some with 1000 agents, there is no doubt that fees are disproportionate. A sole proprietor broker would pay $3500 while the per agent cost at a large firm would be $7. More troubling is REBNY’s standard modus operandi of REBNY and large firms making decision on behalf of all REBNY members.
Posted by LaLa on 30 Nov 2006 | Tagged as: Blog, MLS, New York Real Estate, Real Estate Board of New York, The Industry
Hundreds of small brokers joined together in meetings, frantic emails and a petition criticizing the fait accompli announcement by REBNY of a planned portal to present broker exclusives to consumers. Universally, brokers criticized REBNY for undertaking a mandatory portal that included no participcation from 95% of REBNY’s broker members and the lack of a business plan. Buyer brokers especially expressed concerns that buyeres would not need or use their services.
More from Inman News.
Posted by LaLa on 16 Jun 2006 | Tagged as: People, The Industry
Bruce Stuart,
Associate Counsel
NYS Department of State
84 Holland Avenue
Albany, NY 12231
Tel:
Submit a Tip
1/03/05: Filed appeal of ALJ decision granting LaLa Wang an AIV license.
Posted by LaLa on 16 Jun 2006 | Tagged as: People, The Industry
Jane Hoffman,
Former Commissioner, NYC Consumer Affairs
No longer in office.
Submit a Tip
1/01/00: As head of the NYC Department of Consumer Affairs, she never returned phone calls or responded to correspondence.
Posted by LaLa on 16 Jun 2006 | Tagged as: People, The Industry
Whitney A. Clark,
Assistant Counsel
NYS Department of State
41 State Street
Albany, NY 12231
Tel:
Submit a Tip
6/22/05: Authored proposed changes to AIV law that would fail to benefit consumers.
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