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.


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