New York law requires public marketing of residential properties, allowing private marketing only with informed consent.
The Fair and Transparent Real Estate Listings Act mandates that residential properties listed for sale or lease must be publicly advertised on platforms accessible to the general public. Private marketing is only allowed if the seller provides informed, written consent after receiving a standardized state disclosure explaining the risks and tradeoffs of withholding a listing from public marketing. This disclosure must detail reduced visibility to buyers, limited online exposure, fewer offers, and potential negative impacts on sale price and timing.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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