Breakfast With the Bankers and a Side Order of Ability to Repay Over Easy

Last week, the Empire State Mortgage Bankers Association (ESMBA) held a Breakfast Meeting in which ESMBA members and their guests networked and listened to an analysis on how to deal with the Federal Reserve Board (FRB)’s proposed Ability-to-Repay rule. The rule is intended to satisfy Dodd-Frank’s Ability-to-Repay requirements byLender Compliance Group’s President, AGMB’s strategic alliance partner, and featured…

The Real Deal – The Disclosure Dilemma

Neil was interviewed for an article in The Real Deal’s May issue which examines the new agency disclosure law.  As resident counsel to REBNY, Neil helped draft the law and has been in discussion with the New York Department of State concerning necessary amendments to the law.  This article outlines some of the confusion brokers and…

Department of State Issues Opinion on What Constitutes Substantive Contact

I am very pleased to inform you that REBNY and I have successfully requested that the New York Department of State – Division of Licensing (“DOS”) create an exception concerning what constitutes “substantive contact” under Real Property Law §443 (“Agency Disclosure Law”). The attached letter from the DOS (to view the letter please click here)…

Agency Disclosure Law – Frequently Asked Questions and Training Video

I am pleased to distribute a list of “Frequently Asked Questions” which I have prepared concerning the recent amendment to New York State’s Agency Disclosure Law (the “Law”). Please click here to access the FAQs. In addition, I have conducted many training sessions at the Real Estate Board of New York (“REBNY”) concerning the amendment to the…

New Law Helps Define Broker’s Role In Property Dealings – NY1

NY1 recently interviewed Neil Garfinkel regarding the new agency disclosure form. To watch the video, please click here. <form role=”search” method=”get” id=”searchform” class=”searchform” action=”http://agmblaw.com/”> <div> <input type=”text” value=”” name=”s” id=”s” style=”width:100%;line-height:2em;font-size:16px;padding-left:10px;border:none;padding-top:10px;” placeholder=”search i.e. lawyers, locations, practices, news”> </div> </form> Home      Offices      Contact Us      Terms of Use      Privacy Policy 1430 Broadway, 17th Floor, New York, New York 10018  | Phone:  212-201-1170 5900…

A New Broker Disclosure Law in New York

Neil Garfinkel is featured in an article in The New York Times discussing the new broker disclosure law. Click the title of the article to read the full text – “A New Broker Disclosure Law in New York”   © 2018 Abrams Garfinkel Margolis Bergson, LLP. All Rights Reserved. Attorney Advertising: Please note that prior results do not…

New York State Agency Disclosure Forms

Every New York State licensed real estate professional should be familiar with the use and content of the New York State Agency Disclosure Forms. You can find the forms at the following links: (1) NYS Agency Disclosure Form – Sales Transactions (2) NYS Agency Disclosure Form – Leasing Transactions   © 2018 Abrams Garfinkel Margolis Bergson, LLP. All Rights…