New York Codes, Rules and Regulations
Title 9 - EXECUTIVE DEPARTMENT
Subtitle G - Office of General Services
Chapter II - Division Of Land Utilization
Part 276 - Broker Commissions
Section 276.3 - Broker qualification
Current through Register Vol. 46, No. 12, March 20, 2024
(a) A broker commission shall be paid only to a real estate broker licensed as such at the time the sale was procured for the purchaser.
(b) A broker seeking to qualify for a broker commission under section 276.2(a) of this Part shall, prior to the day of auction, file with the commissioner a copy of such broker's real estate broker license along with a sworn affidavit stating, in substance, the following:
(c) A bidder-purchaser who employs a broker to procure a sale under this Part shall, prior to the day of auction, file with the commissioner a sworn affidavit stating, in substance, the following:
(d) The commissioner may modify the content of the sworn affidavits required under subdivisions (b) and (c) of this section and may require other and further affidavits, documentation and information as may be deemed necessary in making a determination as to payment or nonpayment of the broker commission.