Selling in NYC Archives

Minimum service requirements in real estate refer to specific tasks that a broker must perform under state law regardless of commission rate.

What Are Minimum Service Requirements in Real Estate?

By Sonja Gosine, Spokesperson at Hauseit® / January 8, 2023 January 8, 2023

Minimum service requirements in real estate refer to specific tasks that a broker must perform under state law regardless of the commission rate being charged. Minimum service requirements vary by state, and the vast majority of states including New York …

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A Flat Fee MLS listing is a brokerage service in which a seller pays a broker a flat fee to have their property listed on the MLS.

What Is a Flat Fee MLS Listing?

By Sonja Gosine, Spokesperson at Hauseit® / January 6, 2023 January 8, 2023

A Flat Fee MLS listing is a reduced commission brokerage service in which a seller pays a broker a flat fee to have their property listed on the MLS (Multiple Listing Service) and a comprehensive set of real estate search …

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The Multiple Listing Service (MLS) is a shared database of real estate listings used by real estate agents to advertise and search for homes.

What Is the Multiple Listing Service?

By Sonja Gosine, Spokesperson at Hauseit® / January 6, 2023 January 6, 2023

The Multiple Listing Service (MLS) is a shared database of real estate listings used by real estate agents to both advertise and search for homes. The purpose of the Multiple Listing Service is to encourage cooperation between listing agents who …

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Local Law 97 in NYC requires buildings over 25,000 sqft to meet greenhouse gas emission limits starting in 2024 and stricter limits in later years.

What Is Local Law 97 in NYC?

By Sonja Gosine, Spokesperson at Hauseit® / January 3, 2023 January 3, 2023

Local Law 97 in NYC requires most large buildings over 25,000 square feet to meet new greenhouse gas emissions limits by 2024 as well as stricter limits which take effect in 2030. From 2050 onward, a zero emissions requirement applies …

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How much does the average agent make in NYC? How are commissions split? Do agents get a base salary? How much top agents can make & more.

How Much Do Real Estate Agents Make in NYC?

By Sonja Gosine, Spokesperson at Hauseit® / November 30, 2022 December 21, 2022

When the real estate market is hot, the industry always sees an inflow of new agents inspired by a plethora of reality TV shows glamorizing real estate agents selling multi-million dollar properties. And given the price points seen at the …

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NYC property tax bills are accessible on the NYC Department of Finance website. Follow this guide to learn how to download and read your bill.

NYC Property Tax Bills: How to Download and Read Your Bill

By Sonja Gosine, Spokesperson at Hauseit® / November 23, 2022 November 28, 2022

Knowing how to download and read your NYC property tax bills is an important skill for existing homeowners and prospective purchasers. As a homeowner, you should review your NYC property tax bill regularly to make sure you’re receiving any abatements …

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What Is an Open Listing in Real Estate?

By Sonja Gosine, Spokesperson at Hauseit® / November 23, 2022 November 28, 2022

An open listing means that a homeowner has agreed to allow one or more brokers to list their property on a non-exclusive basis. In other words, no single agent has the exclusive right to advertise the property and earn a …

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The Alternative Veterans Exemption is a primary residence property tax discount in New York for veterans and eligible family members.

What is the NY Alternative Veterans Property Tax Exemption?

By Sonja Gosine, Spokesperson at Hauseit® / October 13, 2022 November 19, 2022

The Alternative Veterans Exemption is a primary residence property tax discount in New York for veterans and eligible family members. You must meet veteran status, residency and ownership requirements to qualify. The Alternative Veterans Exemption reduces your home’s assessed value …

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The NYC Disabled Homeowners’ Exemption (DHE) is a property tax break of 5% to 50% for disabled New Yorkers with annual income up to $58,399.

What Is the NYC Disabled Homeowners’ Property Tax Exemption?

By Sonja Gosine, Spokesperson at Hauseit® / October 5, 2022 November 19, 2022

The NYC Disabled Homeowners’ Exemption (DHE) is a property tax break of 5% to 50% for the primary residence of disabled New Yorkers with annual income of $58,399 or less. The tax break applies to condos, co-ops as well as …

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Anti-competitive practices in NYC real estate include any actions taken by agents which suppress or discourage competition and keep commission rates elevated.

What Are Anti-Competitive Practices in NYC Real Estate?

By Sonja Gosine, Spokesperson at Hauseit® / August 17, 2022 August 17, 2022

Anti-competitive practices in NYC real estate include any actions taken by agents which keep commission rates artificially elevated by suppressing or discouraging competition amongst fellow agents and brokerages. Anti-competitive practices also include the failure to disclose all information to consumers, …

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