Neil Garfinkel is quoted in an article by Candace Taylor appearing in The Real Deal Online: “Sharing signed contract info is subject of dispute at REBNY breakfast.“
An excerpt appears below:
Neil Garfinkel, a partner at law firm Abrams Garfinkel Margolis Bergson who serves as residential counsel to REBNY, said that legally, a broker must get permission from both a buyer and seller before revealing contract information to other agents.
“Without permission, that information should not be shared,” he said.
Garfinkel the attorney explained that disclosing contract information could hurt a seller’s negotiating power if the deal doesn’t go through — a particularly likely occurrence in the current market.
“It’s like knowing where the seller was living in terms of negotiating,” he explained.
Once a listing has closed, however, it becomes public information, he said.