Featuring real estate articles and information to help real estate buyers and sellers. The Nest features writings from Georges Benoliel and other real estate professionals. Georges is the Co-Founder of NestApple and has been working as an active real estate investor for over a decade.
On June 20th, 2020, the New Fair Housing and Anti-Discrimination Disclosure rules were enacted in New York. This regulation requires both brokers to show the NYS Fair Housing and Anti-Discrimination Disclosure Form to any prospective purchasers, tenants, sellers, or landlords upon first substantive contact. The Fair Housing Regulations require displaying a Fair Housing Notice online, at branches, and when hosting open houses. This regulation also requires to follow Fair Housing Courses as part of the Continuing Education for real estate professionals in New York.
These regulations apply to any type of transaction: including residential, commercial, new construction, and even vacant land. Brokers must keep records of the Fair Housing Disclosure Form presentation for at least three years.
The New York State Real Estate Board approved the regulation. Governor Andrew Cuomo announced it on December 16th, 2019. Those rules added new paragraphs to Title 19 of the New York Codes, Rules, and Regulations (NYCRR).